Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: tyc:> who wrote (66557)	7/31/2009 12:08:33 PM
From: LoneClone	Read Replies (1) of 78416

I am contemplating breaking out part of my Rare Earth and Exotic Metals board over to a new board on Alloy Metals, namely cobalt, vanadium, chromium, manganese, and titanium. If so, I will add moly to the mix. But to your question, the answer is perhaps. Most molybdenum is produced as a byproduct, primarily of copper mining, from deposits owned by the majors, so it is very easy for the big dogs to adjust their output by ramping up their moly extraction circuits to meet any increase in demand. And then there is the giant mine in the states owned by Freeport that if they reactivated would dominate the market. That said, I am sure the little producers would love for the price to be 60% higher, which seems quite a reasonable price considering it was over $30 not so long ago. LC

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