I've been saying they are gonna sell all or find a partner for the Moly operations. Then Ultra calls me to stupid and other nasty names that hurt my feelings!
I sent that suggestion to Pam. Sick of getting punished by Johnny come latlies!
At this point with all the scenarios I'm beginning to question management's decision making. That's really the worst case scenario. Heck they are the pros in this business! Just do something with conviction and give the shareholders some confidence you know what you're doing!
I know you do not want to hear this and resort to name calling but they are either selling off or partnering with someone for the Moly assets. Probably before the close of the year.
I have no idea Skippy. They are really between a rock and a hard place here. A partner would be ideal and I think there would be companies that would listen but the days of these mining companies with large cap ex budgets have been gone. There are plenty good CU/ Gold miners out there today. TC ain't no FCX!
Barring a total market correction! The move up starts now. Nothing with Otrxup has changed. It's the stock price with the problem now and not the company. Those problems are in the PPS already!
Ultra is far to married to TC. He definitely knows mining but he's gonna remain with the same #$%$ regardless!
TC does not want to strip unless Moly has been stabilized at a higher price than today. Anyone can see their dilemma. They can't afford to strip. A partner would be ideal just like RGLD was for MM. Even though I hate the streaming deal b/c it gives up future growth. Anybody recall when they say the stockpile will be exhausted? Higher Moly price going forward will really put their balls in the winch on what to do sooner than they like. A higher sustained Copper price would solve all their problems but that may not happen if China actually has as much as been previously reported. Really, it's simple , growth globally would be the fix. But the 10 year yield is saying differently. China PMI is holding up well but who knows over there. Europe still has a long way to go!