bullish
MOO: Tier-1 Assets, Tier-1 Jurisdiction, and a Critical Metal
SUMMARY
- Moon River recently announced a highly economic PEA on its Davidson Project in B.C., the highest-grade molybdenum project outside of China.
- The acquisition of a 25% stake in the Endako Project reduces single asset risk, providing MOO with $2M in working capital, $40M for maintenance and reclamation costs, as well as providing interest income to cover corporate G&A, offering substantial upside for the Company.
- Moon River looks to take advantage of a booming molybdenum market.
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