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

To: The Barracuda™ who wrote (42)1/22/2005 10:59:46 AM
From: Rocket Red  Read Replies (1) | Respond to of 336
 
No moly price won't stay here and anybody using 30 dollars on moly for target prices are having wet dreams.



To: The Barracuda™ who wrote (42)1/22/2005 1:47:22 PM
From: hank2010  Respond to of 336
 
Yes, Barracuda, I got my figures from page 2 of the G.H.Giroux report, using 0.17 MoS2 cutoff equal to .102% Mo.

I disagree however that this cut-off is bogus. MRI here in Butte, Montana are mining .035% Mo equiv. at 52,000 TPD. They started up (re-started) when moly was in the $5 range.

Will moly prices stay up? I agree that they are not sustainable in the medium and long term.


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