General Moly to go ahead on Mt Hope despite slump
General Moly has sufficient cash to survive atleast through the third quarter of this year and can still build its Mt Hope mine in Nevada.
General Moly said:
It ended 2008 with an unaudited consolidated cash balance of USD 91 million, down from USD 121 million at the end of the third quarter. It added that it maintained the ability to construct its Mt Hope, Nevada, primary molybdenum mine within 15 to 18 months of receiving all necessary permits.
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Tue, Feb 10, 2009
Post by Melissa Pistilli, Moly Senior Reporter