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Gold/Mining/Energy : The Molybdenum Discussion Board -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (1407)	11/19/2005 1:05:00 AM
From: jackjc	Read Replies (2) \| Respond to of 3267

Elizabeth: Thanks for your interest in Molymania or the lack thereof. The jrs deposits like Ashdown don't require a knockout blow, they are on the ground now. First need to separate the big open pit lo-grade deposits of about .1% Mo or less, from the 1%+ very small deposits. A tiny operation at that grade is comparable to about 1.5 oz/T gold. As you say there is not enough mkt headroom for several big deposits and could collapse the price, which is expected to fall anyway. But any or all of the small jrs could make tremendous cash flow at present prices and not affect the mkt at all, nada. Cash flows in the several million dollars per month range. It has been 2 yrs and nobody has been quite able to produce yet but it looks to me like one or more could in a few months. The jr stocks prices give no credence to production at present which presents the opportunity IMO. Of course if moly returns to the long term sub 5.00 range, the game is over. But at least one of these jrs has hi-grade gold resources which could be developed with the cash flow earned, in that event. The jrs are just a flea on an elephants back, but if the elephant keeps running they could have quite a ride.