Molybdenum UpdateFor those who are new readers to the Aii bullboard, it is interesting to note that Almonty did publish a "maiden" JORC compliant resource for the moly deposit, and that news release is well worth reading. Date released July 2022.
The Moly news is a really big deal for this Company. First Berlin Research who is huge and has a worthwhile resesearch dept. among many other services, published their "updated" research on Almonty on NOVEMBER 24, 2022 and I quote as part of the article...
"The moly price has risen over 20% since their previous report on Almonty and.....THE IN SITU VALUE OF THE RESOURCE IS OVER 2 BILLION US DOLLARS."
L.B. reported yesterday that they were only 6 weeks away for tunneling to gain access to this deposit.
That is a lot of dollars, and incidentally, apart from a huge spike in moly price which subsequently pulled back, the prlce has remained steady since 2021 around $55. US per kilo. I think I read somewhere that the Sandong moly deposit was the largest known deposit anywhere, and has very rich ore, with potential drilling to increase this monster of a deposit in several directions.
Wait until the great investing public start to get wind of the information about the overall Comlpany.