RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Sell on news ?IvanRo - sorry to be obtuse ....but here's something to consider ----
Mo in FS was $14 - currently $33
Cu in FS was $3.6 - currently $4.3
Spot Mo adds nearly 3 times more to NPV than Cu ---- or said another way, it would take Cu at $5.2 (from $3.6) to have same impact as Mo from $14 to $33 in the NPV. At least that's what my spreadsheet shows!
I simply cannot accept that Mo is a side show....UNLESS it is so volatile that there is zero reliability on prices.
Take 15.5Mlbs per year X $19/lb (diff between $33 spot and $14 FS) and see if that opens your eyes. Everyone on this board (and probably Paul too) would be giddy if Cu at $5.2....but no one seems to care if Mo at $33???? Really don't understand...since they are the SAME thing if my spreadsheet is correct....