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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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From: koan4/27/2006 6:14:24 PM
  Read Replies (1) of 78426
 
Alaska pipeline and moly: I own UNB and ROK, AUA seems the best though. Which I do not own naturally-lol.

Exxon just admitted they had not inspected the pipline in 15 years. They said they had inspected it 5 years ago. So what's new-lol?
Anyway they may need to replace the entire pipline it is so corroded. This would be about 3,000 miles of 54 inch pipe in addition to the 3,000 miles of 54 inch pipe for the gas line. It is about 850 miles as the crow flies, but mountains ans zif zags, etx.

Here is how the north slope is laid out. Prudhoe Bay had 16 billion barrells of oil and West Sak 4 billion barrels. Originally they flowed at about 2 million barrells a day, now down to about 900,000.

BUT--- there is another 20 billion barrells of HEAVY oil overlieing West Sak that is certainly profitiable at these prices, not too mention oil and gas all the way from th west coat (Bearing Sea clear across to canada and the Mckenzie delta. Little has been explored the the west of the Colville river where they are building a bridge now.

At these prices many of the small deposits become profitable including horizontal drilling , etc.

In additionn Russia is building sevral new long pipeline, canada many and the rest of the world many. They all need moly for the high pressure.

We coud see moly go to $50.

Cheers
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