DGR 0.00% 5.7¢ dgr global limited

moly oxide prices ex china rising

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    Hi All

    Just thought you may want to have a look at something: the Moly Oxide (ex-China) prices appear to be on the rise - over the past two trading days these have risen around U$0.50/lb. Seems like the export quotas are starting to have an effect. Note also that London prices for MO have also gone better bid. Good chance that in coming days we will see a spike upward in prices ex-London.

    Good for Moly; good for D'Aguilar. Higher MO = Higher Anduramba NPV = Higher DGR EV. Quite simple really.

    Regards
    Kit

    (All personal opinion)
 
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