I know, but that is not my great interest...I am happy in the background...
Even if they only had 20mn tonnes of Fe, Ti and V; to get them for anything like that money is ridicilous.
I have most of my money in several Moly plays as it happens...1 in Chile, 1 in Peru 2 in Canada and 1 in Arizona...2 have Tungsten which I like a lot as well.
I made a strategic decision to get into Mo as I like the demand side fandamentals...and I didn't need some candles to tell me that this is a boomer...love Cu...I'm hoping for US$9k by Xmas and those Futures will be very nice!
One of the Canadian Mo plays was able to be bought for C$8mn in March and I did move on that...have a significant holding now. Good news is that they have now just upgraded the resource, by some 65%...so the fundamental research has so far paid off handsomely.
I like S America because I am fluent in Spanish...
Realise this was a little off thread, forgive me. I am a MXR fan and will stay that way...accumulating as I can at my price points.
MXR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
