Thompson Creek: Rising Molybdenum Prices Increase Future Potential
- Improving molybdenum prices brighten future of Thompson Creek and Endako mines.
- Still has a large debt load, but can handle a 9% drop in metal prices before becoming FCF negative.
- Short-term liquidity should be fine. Will need to refinance debt starting with 2017 maturities.
- Continued price improvements will allow it to invest in Thompson Creek mine stripping, generating an estimated $50+ million per year in extra FCF at $12.50 per pound molybdenum.