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Gold/Mining/Energy : The Molybdenum Discussion Board

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To: LoneClone who wrote (2492)	1/18/2007 11:49:25 AM
From: WalterWhite	Read Replies (1) of 3267

Thanks LC According to the FT, 2007 demand will be 189,000 tons. LBE's share is approx 5.5% and their production bump (07-08) will help increase supply by 1.8%, close to the 2% increase in demand (2006-07) that this source is predicting. I think it is fair to say the bump is material, yet neutral ignoring the demand side and net increases ( or decreases) in supply brought forward. In my year or so of following moly, i have to believe production forecasts are overstated, and demand forecasts understated. Just my 30,000 ft view of what's going on. The lack of interest in moly is indeed one of the most encouraging signs and will hopefully translate into outrageous returns for the patient. Long BLE, GPXM, RMKL and ML. Globe

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