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Gold/Mining/Energy : MOLYMANIA the race is on

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From: Condor2/8/2005 12:00:15 AM
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Consider the following:

stockhouse.com

At $ 10, molymania dies and most moly plays become toast. Those that dare to proceed to production would probably be on such razor thin profit margins that they would be unattractive companies.

Those that require infrastructure in remote areas (Hydro, roads, concentrators, port shipping) the capex will kill them.

UNB for one has a mill just down the road and the infrastructure is there. If they get permitted, then it is a viable play at $ 10 IMO.

C
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