RE:RE:Molybdenum Prices Continue Strengthening I do not know anything about the cost of mining molybdenum. I do not know what historically drives the price of molybdenum. So with that said I would like to do some math.
462 million lbs X US$19.79 / lb X $1.265 exchange rate = C$11,565,869,700
Let's say it costs $10,565,869,700 to get the molybdenum out of the ground and to market. That would leave a $1,000,000,000 profit. It looks like the company has about 25,000,000 shares outstanding. $1,000,000,000 divided by 25,000,000 = $40 per share.
Can you help me understand how the company can be trading at $00.53? Like everybody else I would really love to have a big winner. What am I missing?