Mining Nerds



Moly Mines Ltd.

Ticker: MOL : ASX Description: Moly Mines Limited engages in the exploration and development of base and precious metals in Australia. It primarily focuses on the molybdenum, gold, and tantalum deposits. The company's principal asset is a 100% interest in the Spinifex Ridge molybdenum-copper project located approximately 50 km northeast of Marble Bar in the Pilbara region of Western Australia. It comprises six blocks with a total approximate area of 19.25 square kilometers. The company also holds interests in Glen Eden, Mt Pleasant, and Mt Tennyson molybdenum projects. In addition, the company holds interests in the Dargues Reef Gold Deposit located approximately 60 km southeast of Canberra, in New South Wales, Australia, as well as in various gold projects, including the Christmas Gift and Booths Reward projects, the Nundle project, the Windera project, and Temora and Sebastopol projects. Further, the company holds interests Greenbushes tantalum mine located in the south west of Western Australia. Moly Mines was incorporated in January 2003 under the name Hibernia Gold Pty Limited and changed its name to Hibernia Gold Limited in December 2003. Further, the company changed its name to Moly Mines Limited in April 2005. The company is based in West Perth, Australia.
Shares (mm): 35.1
Market Cap (mm): $23.1
Cash Flow (mm): -$1.7
Cash (mm): $3.1
Last Price: $0.66
$ Change:+0
% Change: 0.00%
Volume: 223,518
Website: www1.molymines.com
Google Finance: http://finance.google.com/finance?q=MOL.AX&hl=en
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