rising attention to thr thor mining, page-2

So with current tungsten price running at around US$250 per mtu we're getting there on that front

It's the moly that has a way to go...

What are we at US$16/lb ?

Anyone any thoughts?

http://molyinvestingnews.com/2799-moly-market-to-benefit-from-increased-copper-mining-in-peru.html

E mail from May 2010 - Interesting to compare todays Moly and Tungsten prices to the table Mr Billing provided below

Thanks for your interest & enquiry

I am not able to be specific about the pricing level required however we regularly look at the commodity pricing now compared with 2 years ago, as follows:

Commodity Pricing May2008 Pricing May2009 Current Pricing
Molybdenum US$33/lb US$9.40/lb US$17.50/lb
Tungsten US$250/mtu US$195/mtu US$225/mtu

As shown above the tungsten price is approaching those of 2 years ago while the molybdenum price still has some way to go.

Assuming exchange rates remain constant (a big assumption) I would suggest that if molybdenum prices increased to US$25/lb, and some more modest improvement in tungsten prices, we will start to get very interested again.

The timing of this price recovery is difficult to predict, however it is our view that global demand will, in time, drive prices in the right direction

Kind regards

Mick Billing
Chairman