NMC Resource mines South Korean moly

摘要

Molybdenum prices are trading at 17.10 US dollars per lb. and NMC Resource (nrc-v), which owns 100% of a producing molybdenum mine in South Korea, thinks it's a good time to be investing in the metal. The junior's Moland mine, about 170 km southeast of Seoul, started producing molybdenum disulphide in April, after test runs in March at its new mill averaged 800 tonnes per day grading 0.30% moly. The mill produced a marketable molybdenum concentrate with recovery rates averaging 88%.