General Moly Inc. (fka GMOLQ)

[Hawkeye 67]

I agree. I would have thought GMO would have jumped with the completion of the permitting milestones and the 100M from POSCO. The only remaining risk is the closure of funding with Hanlong which seems low given that they will be vertically integrated with a low cost Moly mine with this transaction. I guess the price will just gradually climb to the high teens (which is the NPV target at $15/lb Moly and 8% discount) over the next 18 months of mine construction.

Even if GMO steadily climbs to the teens over the next 18 months, 4X returns over today's share price is a great return even if it takes that long (which I don't think it will).

Good luck to GMO and all you fellow shareholders.