Hi Dag66, I do not know if you have ever looked at the long-term...

Hi Dag66, I do not know if you have ever looked at the long-term price of Mo. Historically it has been very up and down, spiking when oil and gas exploration / pipelines are being built, then returning to very low levels. A concern for a dedicated Mo mine, such as STZ. But I have just read an excellent post by Hangseng on PEN, called 'perfect storm'. Moly has another use I was not aware of, in muclear power stations. The number of power stations in forecast to grow significantly, particurly in China and the demand for Moly will grow accordingly. Keeping the long-term price at current levels, or even higher. Supporting the development of the polish project and why the Chinese have invested heavily in Moly Mines. TFP