is that it, page-14

Zack,

the reason that many moly projects have been 'mothballed', delayed, cut-back is beacuase they are not viable at today's moly prices. This is the same for MOL! Spinifex may also need to be put on hold for a couple of years. Once moly prices recover the other projects may also come back into the picture. The way I see it is that there will be a supply squeeze in the medium term once prices recover and a rise in moly prices. Then a whole heap of projects coming to production around 2014 leading to over-supply and drop in price.