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Gold/Mining/Energy : The Molybdenum Discussion Board

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To: maxncompany who wrote (2105)	7/24/2006 4:33:28 PM
From: jimsioi	Read Replies (2) of 3267

Seems to me that GPXM will be first to produce more Moly. Though it continues to drift lower I don't see anything reported here or elsewhere to suggest that GPXM is falling behind its schedule to be producing some MOLY this year. I own both ADANAC and ML. Adanac's schedule to production is slipping out into 2008 from late 2007. Permitting does seem to be proceeding, but it simply takes ages to get a mine up and running huge amounts of capital and private placement after private placement..Moly could go through a bear market and reemerge in a bull by the time AUA gets to producing, or the other way around.... Frankly, I see MOLY prices being pretty stable and ADANAC's mine becoming a reality late in the third quarter of 2008. How they do their financing will be of interest and I can't decide whether to have on a fully loaded position before that is announced or await till after...Adanac in my opinion has been hurt by the warrants issued inconjunction with private placements, offering the brokerage community free opportunities to short the stock. There are reports that AUA is proceeding to get listed on the AMEX... ML's capital costs will be lower; they have earnings, they will have a base and PM metal mix, and supposedly will be up in late 2007, though the delay in this feasibility study is discouraging. Again I don't know whether to load up here...market reaction after feasibility release I often have seen to be negative as the consultant takes a very conservation view and the results end up being lackluster. I sure wish they would list on the American Exchange... Since May none of these have been doing well and didn't participate at all in today's rally ... all in fact being down and in GPXM's case significantly on a percentage basis. Pretty depressing lot from a long term perspective. Don't tell me about long term holding of Vancouver Exchanged listed developing producers...especially in non taxable accounts. BLAH!!! GPXM - support level after another breaking down, accelerated downtrend...does the chart tell the story that there is a problem with the company's plans??? stockcharts.com

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