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Gold/Mining/Energy : MOLYMANIA the race is on -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (32)	1/21/2005 5:45:14 PM
From: Rocket Red	Read Replies (1) \| Respond to of 336

Here's a late report from Grahame Ware, an independent analyst and resource marketer. Pancho ++++++++++++++++ Jan 21st, 2005 may very go down in the history books as the day that clearly signaled the official beginning of Moly Mania. Three grassroots explorers with primary moly projects exploded on Canada’s Venture Exchange to end the week with a bang. The three companies- Patent Enforcement Royalties (PAL-V), United Bolero (UNB.V) and Adanac Moly (AUA.V) combined for nearly 7.5 Million shares trading hands with the bulk going to PAL. This company that recently signed an option to acquire the Yorke-Hardy deposit in northern BC did 5.5 Million shares and saw a percentage increase of 50%. The other two did just less than a million shares each with United Bolero seeing a 24% jump in share value to close the day at 31 cents (with an intraday high of 33 cents); and Adanac Moly seeing a 6% rise to close at $96 cents after hitting an intraday high of $1.05. With Molybdenum prices holding steady at $35 per pound, there is plenty of incentive to bring these mines into production. Ironically, another junior, Win-Eldrich Mines (WEX-V), failed to trade any shares at all on the Venture. With JV partners, Golden Phoenix Minerals (GPXM-OTCBB) they own the Ashdown Mines in N Nevada and will likely get their mine into production well before the others. It is looking also very good for Teck Cominco (TEK.B-T) as their Highland Valley copper mine looks set to produce something in the order of 10 Million pounds in 2005 from that mine located near Kamloops, BC. stockhouse.com