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Bullboard - Stock Discussion Forum Moly Mines Limited T.MOL

TSX:MOL - Post Discussion

Moly Mines Limited > Spinifex ridge...
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Post by curt2go on Jun 02, 2014 12:16pm

Spinifex ridge...

At what moly price does spinoff ex become profitable enough to start mining??
Comment by narmac on Jun 03, 2014 5:13am
I beleive the resource is valued at $5 million on their books,,,,,,,,,,,,,if the moly price rises to what ever point their low grade moly resource becomes profitable they should sell asap. As that should increase the worth of this asset. A quick spike in the element price will not produce any results we are hoping for. We have a better chance of getting into the medical marijauna  business ...more  
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