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Gold/Mining/Energy : MOLYMANIA the race is on

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To: maxncompany who wrote (265)2/16/2005 10:24:37 AM
From: hank2010  Read Replies (1) of 336
 
"Mount Hope - Located in Eureka County, Nevada - Read More...
- Molybdenum deposit
- IGMI obtained an exclusive one year option to lease & pre-negotiated a 30 year lease
- 135 diamond drill holes, contains 630 million tons at an average grade of 0.085% molybdenum

High-grade core - the target of IGMI 2005 feasibility study; contains 205 million tons at an average grade of 0.11% molybdenum. * Based on preliminary market studies and calculations, Mount Hope is capable of producing up to 10% of the world’s molybdenum supply.
NEWS - ( 11 / 15 / 04 ) - IGMI ANNOUNCES SIGNING OF AGREEMENT WITH MOUNT HOPE MINES, INC."

A buddy of mine got a call from a Pennaluna rep that they were able to corral a block of shares etc. etc. Acquisition of Mt Hope is old news but I reckon they are now moving into promo mode.
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