ps

Apart from the grade which is superb, I think the best angle here is the potential for the Molybdenum price to take off again. The outlook over the next 10 years looks very strong. Just about every market Moly is used is a strong growth market. The big story is its wonderful application in green technologies i.e Used to strip sulphur out of oil and coal smelters and catalyctic converters which with China and India modernising, will simply explode. The nuclear industry also uses truck loads of the stuff, both in piping and reactors as well as storage facilities. Military usuage is also growing. China a major world supplier has pulled back what it has/will export and now conisders it a strategic metal.

The best bit is there is no known substitute for the stuff.

Maybe we will see the price run back up to $US40 lb and all the Moly companies do a run.

Notice, if you will, that most of the base metals are pulling back with a US recession likely but not Moly. Moly has a special place.

I think its also about to be traded on the LME which would mean it will have a futures market. That should see the hedge funds playing with it.

Not a bad story the Moly metal market.