wake up ppl, page-5

Here is a snippet lifted from the MOL thread posted by multix 06 on 9/3

Is moly on brink of being mining megastar?
ANDY HOFFMAN AND SINCLAIR STEWART , Globe and Mail Update

It's rare, difficult to trade and next to impossible to pronounce. But thanks to the surging interest in all things metals and mining, molybdenum is about to get its own investment fund.

Moly, as it's most often called, is set to join a growing list of commodities including gold, silver and more recently, uranium, with a new fund that will give investors direct exposure to the price of the metal.

Resource guru Eric Sprott is preparing an initial public offering for the Sprott Molybdenum Participation Corp., which will buy and sell actual molybdenum and invest in companies that explore for, mine and process the silvery white material used in furnaces, pipelines and aircraft engine parts.

The offering of shares, which will trade on the Toronto Stock Exchange, will attempt to raise roughly $75-million, according to sources, and comes as the mining world turns its attention to Toronto for the 75th annual Prospectors and Developers Association of Canada (PDAC) conference.

Few investors had given much thought to moly before the recent surge in commodities. But the metal, often found alongside copper and used to make high-grade stainless steel, has drawn interest as its value has increased.

“No one's ever paid much attention to it, [but] it has margins as good as nickel or better. These prices are going to be with us for a couple more years,”