Post by
stockpunter on Feb 02, 2023 11:24am
Mo price
Mo jumped to about $36/lb. If I remember correctly, at the $350 Mtu Tungsten /$15 lb Molybdenum
used for the fs, the moly constituted about 20% of the contained metal value at Sisson. Closer to 50% at current prices. So, although the non-Todd ownership is dropping, the NPV one would calculate is increasing. As our slice, percentage-wise, gets smaller, the pie gets bigger.
Tungsten was up today, as well, but a little shy of $350.
I'd be interested to know the relative costs of producing W vs Mo according to their plan, as that affects the economics.
Comment by
stockpunter on Feb 08, 2023 4:28pm
https://tradingeconomics.com/commodity/molybden i'm pinching myself. doesn't the current Mo price imply and extra 3.9 BILLION ?????????