2009-01-23 09:18 ET - News Release
Mr. Derek Fisher reports
MOLY MINES REPORTS QUARTER ACTIVITIES
Moly Mines Ltd. has released the highlights of its quarterly activities report for the period ending Dec. 31, 2008, available on SEDAR.
The highlights include:
$150-million (U.S.) interim financing facility completed;
Potential staged development for Spinifex Ridge molybdenum project;
Advanced study for stage I, eight-million-to-10-million-tonne-per-year plant with a future expansion to 20 million tonnes per year and beyond. Advantages include: enhanced grade profile; lower strip ratio; relaxation of concentrate specifications; significantly reduced capital hurdle improving financing opportunities; and current approvals and permits support staged developments;
Manufacture of long lead equipment items 95 per cent complete, full settlement expected end March, 2009, quarter;
All other development activities for the 20-million-tonne-per-year plant suspended with full development approvals in place;
Iron ore resource drilling completed with new zone identified;
The company's significant cash position allowing it to review other opportunities outside its existing portfolio of assets.
We seek Safe Harbor.
Quelle:
www.stockwatch.com/swnet/newsit/...05&symbol=MOL&news_region=C
keine Handelsaufforderung - nur meine bescheidene Meinung ;-)