Yes Molybdenum was put in the same basket as stainless steel. It largely used in the energy sector and construction where corrosion is an issue. The worlds need for energy is not going to diminish significantly. Mol has done a very exhaustive study into the demand for molly which they predict will increase by 4 to 5% per year. This I think will sustain a viable price for molly into the near future.
Add to that copper silver possibly tungsten, and iron ore and we have a diversified mining operation all wrapped up in one mine.
The coming weeks will show how molly stands up in this market. If it can hold its recent rebound, lets hope the share price goes the same way.
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