new article

http://www.weeklytimesnow.com.au/article/2011/10/19/396695_national-news.html

"Corryong, in the Upper Murray, is set to become Australia's next mining boom town. "

Key points:

"Valued at $US32,000 a tonne, the deposits could be worth up to a billion dollars a year on export markets to China, Europe and Korea."

"Mr Ward expects the open cut mine, located 30km from Corryong, to generate 200 to 250 jobs."

It's interesting to see the upwards movements on molycorp (NYSE) and Moly mines (ASX) over the past few weeks too. In fact Moly Mines has increased almost 50% recently.