Moly Mines Provides Update to Quarterly Activities

Moly Mines Limited (TSX:MOL,ASX:MOL) announced a summary of its quarterly cash flow and company activities.

As quoted in the press release:

With approximately $72 million of net current assets on balance sheet at quarter end, which will be enhanced by the forecast production and cashflow performance from the Spinifex Ridge Iron Ore Mine, Moly Mines considers it has the financial standing to grow its asset base in a challenging equity markets environment.

Click here for the Moly Mines Limited (TSX:MOL) press release.