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Politics : Gold and Silver Stocks and Related Commentary

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From: Proud Deplorable	12/29/2004 3:25:11 PM
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"This recent US$ 3.00 climb in the price of molybdenum (based on the historical numbers) increases the inground value of the Ruby Creek project alone a whopping US$ 600 million to $US 7.4 billion. Now add the Nevada property and its historical 300 million lbs and the total inground value of Adanac's wholly owned properties have now seen an increase of US$ 1.5 billion in this last increase in price and a US$ 18.5 billion total inground value. To take it back to a gold equivalent once again as it truly brings these numbers home in a way that just sort of punches you in the stomach: 18.5 billion dollars divided by the price of gold; 18.5 billion / $439.00 = 42,141,230 The same math on the Ruby Creek project; 7.4 billion / $439.00 = 16,856,492 Here is a question for you. If someone contacted you and told you of a property which had 16.8 million ounces of gold, proven up by a Placer Dome stage II feasibility in 1980 and recently having 10,000 metres of drilling completed on it with some grades higher than historical even having been drilled deeper and the assays were being delivered to AMEC early in the new year for the NI 43-101 reserve study and by spring the company expected the property to be NI 43-101 compliant and into pre-feasibility and it had around 35 million shares outstanding fully diluted, had traded its issue over the past year making the float tiny and placing the issue in strong hands and gold was the top performing metal of the past year, was truly in a shortage with a price increasing through the roof on actual real demand and this stock was trading at $0.84 would you be a buyer? How about if I also told you in addition to the 16.8 million ounces they also had another property in Nevada (albeit not as far advanced) that placed their total inground at 42 million ounces, also based on historical numbers? Now would you be a buyer? I would too. Yes the numbers are staggering. Yes they are almost hard to believe and almost hurt the eyes to look at. The fact is that is the equivalent though. If we were talking about Adanac's molybdenum resource in terms of a gold resource, we would be talking about a 42 million ounce total deposit between these two properties and a 16.8 million ounce deposit on the advanced Ruby Creek project. Unbelievably the $0.84 per share number is accurate as well. This is one of those few stocks that come around every so often that truly is a no brainer. Continuing to bring you the best and brightest, Michael Alexander Accelerated Capital Investments Ltd. Phone: 519-471-3243 E-mail: alternative@rogers.com HAPPY NEW YEAR Disclaimer: The comments above are the opinion of Accelerated Capital. Accelerated Capital has been hired by Adanac Moly Corp in which to perform investor relations duties for which Accelerated does receive a remuneration. "

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