Moly Looking Good !I liked the sort of doublespeak in the last NR headline, which noted the funds raised were for "Moly reserves conversion".....What does that mean?
The NR goes on to note that the funds are for "further investigation of the Moly due to increasing interest in the material.
If you go to the last IIF speech at 15.54 Lewis states the they want to advance the moly deposit so ...."it will contribute to both the BOOK and STOCK value this year. This speech was in Feb, so here we are one month later and they are doing something about it. That is very Good.
This is very significant in that some people have put a value of about $2,000,000,000. Yes-two billion dollars on the deposit which is just under part of the tungsten deposit
At 20.51 of same speech he talk about changing the "inferred" to "measured & indicated" This leads to an updated and very accepted and necessary NI143-01 In minining situations that becomes the holy grail for establishing value , That shoul translate to significant market appreciation of stock.
What it oes not say and I now appreciate the constraints that Black is under, is that it almost certainly involves DRILLING, which he doesnt want to say.. How else do you measure whats there?
The other part of the IIf speech which I really enjoy is at 13.32 when he says that Sandong IS SERIOUSLY UNDER CONSTRUCTION IN S.K.
Enjoy the long week-end