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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: jimsioi who wrote (1833)	12/29/2004 9:06:37 PM
From: Proud Deplorable	Respond to of 18308

I think that was for illustrative purposes only. Mike Alexander wrote it. As for the price of Moly staying up? Moly is now 82.00USD /kg Moly motors on metal-pages.com LONDON (Metal-Pages) 10-Dec-04. With Chinese ferro-molybdenum now being quoted at around $68/kg and above, the $70/kg floor price proposed at the industry conference in Hainan, China, this week looks pretty achievable. However, other sources claim that producers are looking for a more modest $60/kg FOB. Informed sources said that the Chinese producers want a floor price (in 2005) of $70/kg FOB China due to strong global demand. No news has emerged, however, concerning the Chinese government's plans to either cut or abolish the export tax rebate from January 1. But, of course, the issue was a hot topic and the producers have dismissed suggestions that the abolition of the tax would be used as a ruse to raise prices. No ruse is needed at the moment to stoke the market. Spot prices in Japan over the last several months in particular have climbed steeply on shortages of molybdenum concentrate and fewer producer offers. The meeting in Hainan certainly did little to calm the waters. Chinese producer sources said they are now quoting $68/kg FOB and above. According to the sources $67/kg seems acceptable for both consumers and suppliers. This level was confirmed in Europe, with one major western trader reporting business booked at $67. Western values have also risen considerably this week with FeMo moving up to $85-87kg for duty paid material, from $78-81 last week and oxide breaking above $31.50, compared to $28-29/lb a week ago. The record $87/kg Mo for western material duty paid has made it easier for Chinese producers to offer $68/kg or higher. Meanwhile, prices for molybdenum concentrate range from rmb4,800-5,000/mtu ($580-604). As for domestic Chinese sales, Jinzhou-based producer sources now claim that they will take no less than rmb350,000/tonne($42,321/tonne). A major business was reported at rmb345,000/tonne, triggering the latest price hike. The 286% increase we have seen in AUA's share price since first introducing it to you back in February and the 77% increase seen in the past two weeks is what I feel to be the very beginning stages of much higher levels. ____________________________________________________________________________ With the project rapidly moving ahead, analysts taking notice of molybdenum and Adanac and with funds and institutions now contacting Adanac asking what will be needed dollar wise as the property moves forward, it becomes more and more a no brainer for me that Adanac is right now one of the hottest buys, if not the hottest buy, in the sector. AUA continues to be a STRONG BUY. Continuing to bring you the best and brightest, Michael Alexander Accelerated Capital Investments Ltd. Phone: 519-471-3243 E-mail: alternative@rogers.com