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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: hank2010 who wrote (25200)11/13/2006 12:20:56 AM
From: jackjc  Read Replies (1) of 78410
 
Good info Hank, I stand corrected.

Amazing to me that BLE got that huge loan. Some big money believes
that moly price will hold at least long enough to pay that back,
very short time frame. Wotta cash cow.

Looks like you made the jump from very small moly guys to very big.

But so far big money does not seem to believe moly price holds up
long enough to go through mine build AND payback time.

So you are ok at least til 1 or 2 biggies start producing.
And maybe more as BLE has the real stuff.

With the world so full of proven moly deposits I see it as
long term hopeless to make other than marginal profits for
the mostly 0.1% Mo ore.

In my talking to geos, they don't want to even consider moly.
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