Expanding Multiples

Now that moly has held its ground what we are seeing is a multiple expansion closer to 4X cash flow from 2X cash flow for moly plays. It is unclear whether this will endure but it would appear so - and certainly with interest coming back to the sector as evidenced by the Sprott Moly Fund’s rise off of the C$3.40 low back to C$5.40 - the eyeballs on this space continue to multiply.

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