Molybdenum is a very tiny market [thinly traded] compared with major metals like copper and gold....the price of moly has risen about 1300% over four years, strictly on lack of supply and greatly increased demand....that's one thing I note in the charts....
while copper has risen around half that amount over the same time; and silver, of course, even less....
another thing I note [although not in the charts I posted] is short-term volatility being far greater in the Comex traded commodities....look at any s-t [5 minute] chart and this is readily obvious....
now let's look at a chart for ML.TO.....since it has been focused on copper, shares have gone from near 50 cents to where they are now, better than a 4X gain....
stockcharts.com
I believe there's plenty of room for the co. to grow [market cap growth] just with the copper production from the Mineral Park property....when Mercator starts putting their moly and silver into production it should at least double the rate of growth we've seen over the past 2+ years....
we'll be finding out much more about the future of the co. during this feasibility process, and the time frame for growth...we know there's much to look forward to over the next two to three years... I'm looking forward to it, and consider ML as one of my core positions....
more about Moly....
resourcescommittee.house.gov
Molybdenum is a refractory metallic element used principally as an alloying agent in cast iron, steel, and superalloys to enhance hardenability, strength, toughness, and wear and corrosion resistance. In the United States, molybdenum is mined and produced as a byproduct. Three plants converted molybdenite (MoS2) concentrate to molybdic oxide, from which such intermediate products as ferromolybdenum, metal powder, and various chemicals were produced. The United States is the world's largest producer of molybdenum. |
