Endicott (aktiencheck.de AG) - According to the experts of the "Emerging Markets Investor" has the share of West Victory Moly (AU000000VWM8 ISIN / WKN A0RF2H) multiplication potential.
The Malala molybdenum project in Indonesia was the main asset of the Company. But from the previously available data for this site to leave an in situ value of 34.13 Australian dollars (AUD) per NAV per share calculated as a note of the stock currently at 0.25 AUD. And the value of the deposit is expected to rise in the coming years, as molybdenum was of an ever more important.
.Europe, the U.S. and Japan have so far identified 60% of demand, but in recent years, the metal will demand from the BRIC countries more and more. China buy at the moment almost as much molybdenum on how they could get on the world market. As in the past 30 years, only a handful of new molybdenum mines had been opened, would predict industry experts in the coming years, a massive gap in supply and rapid growth in prices. But from April to July 2010 the price for this commodity from 8 to 16 U.S. cents per pound was doubled.
The prospects for Victory West moly, which would lead to Malala a new mine in the production are, therefore brilliant. Is committed to a 10,000 m drilling program in the project should first show a molybdenum-containing deposits 105-115 million tonnes. In another 4000 meter drilling program, the company would also explore other potential molybdenum targets, which the resource estimate could still rise further.
VWM Price at posting:
22.5¢ Sentiment: LT Buy Disclosure: Held
