In this article I will revisit General Moly (NYSEMKT:GMO) after I wrote a bearish article on this company earlier this year. I concluded I was absolutely not interested in General Moly, as my calculations pointed out the projects weren't viable nor financeable using a molybdenum price of $10/lbs. However, the past few weeks and months the moly price seems to have been recovering and is currently trading around $15/lbs. This article is meant to discuss whether or not General Moly is now attractive enough to warrant an investment.
Source: technical report
As there's plenty of volume (the average daily volume is close to 350,000 shares) on the US exchanges where General Moly is listed on the NYSEMKT...
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