Molly set to to rise. QOL will be the first company to mine...

Molly set to to rise. QOL will be the first company to mine molly. Will beat THR by at least 12 months (and the rest)

Has market cap less than that of its peer THR. Yet they haven't even rasied the capital needed for plant. As Mt Cannindah as well releasing JORC very soon.


Article below good read!


Investment advisers have become bullish forecasters
By Tom Stundza -- Purchasing, 12/5/2007 10:53:00 AM
Investment advisers have now joined market analysts in suggesting that molybdenum could rise by as much as 12.5% in 2008. As reported earlier by Purchasing.com, the nonferrous metal�s prices could rise in 2008 to an average $36/lb from $32 this year because of a 5% or higher decline in new-metal supply.

In last Friday�s episode of CNBC�s �Mad Money� show, host Jim Cramer said that molybdenum, �the chemical that makes steel even stronger,� is a hot commodity these days. Otto Spork, the portfolio manager with Sextant Capital Management, a Toronto hedge fund, tells the Globe and Mail newspaper that he is upbeat on moly, a nonferrous alloying metal with such industrial uses as strengthening steel and removing sulphur from crude oil.

Molybdenum prices sat at an average $3.50/lb between 1982 and 2003 before a steady upward movement that has brought the 2004-2007 average close to $26. In recent months, prices have ramped up to a $32 average and Spork says �there is going to be more upside� in the months ahead. That�s because of his belief that world steel production will grow yet again in 2008.

However, just this week, managing partners Peter F. Marcus and Karlis M. Kirsis at research house World Steel Dynamics reported to clients that a slowdown in the global economy is likely to hit world steel demand in 2008, which may grow at a far slower rate than in recent years.


A NEW FUEL????????????????

Soumitri Seshadri, who recently graduated from the College of Staten Island, has won first-place honors at the American Society of Engineers� International Mechanical Engineering Congress Exposition, which was held recently in Seattle.

According to CSI Engineering Science and Physics Professor Alfred Levine, Seshadri�s win in the Technical Poster Presentation category was for his senior project at CSI, which featured the fabrication and test of �a novel portable fuel combining nano-particles of aluminum and molybdenum oxide. When combusted, this combination can produce huge thrust without producing any carbon dioxide. It may be possible to use this to fuel jet planes without causing global warming.�

Seshadri, who just began working for Lockheed Martin, says that this project was originally sponsored by the Defense Threat Reduction Agency (DTRA) as a way of finding an alternative fuel source for submarines and missiles. Now that the DTRA has the results of the project and has found that they agree with their own findings, Seshadri reports that the agency will now try to find a way to implement the fuel in actual missiles.

Regarding his award, Seshadri states that �it was very exhilarating� to win first place, adding that �it goes to show you that if you put in a lot of time and effort, you get recognized for it.�

Seshadri says that he intends to further his education, but that he will eventually determine his focus after he contributes to more projects in his new position at Lockheed Martin