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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: AuBug who wrote (35066)	3/7/2007 4:23:04 PM
From: hank2010	Respond to of 78431

"So Sprott gets fools to pay him 2% to horde moly" I suggest that you go to www.bluepearl.ca where the presentation which Mark Wilson (VP sales of Blue Pearl)delivered here at PDAC is archived. I agree with Mr. Wilson that the demand for, and the price of moly is related to the energy market and long term demand and prices will stay high. There is no organized market for moly. There are no LME warehouse stocks, there are no strategic stockpiles by the government. (former USSR had a stockpile, since sold off). By Sprott stockpiling, maybe the market will be less volatile. I understood that the Sprott fund was primarily to invest in moly companies, with purchases of metal to be secondary. In any event, my attitude is that most people investing in mining and exploration companies know very little about the industry. The so-called "fools" that Sprott gets to pay him 2% choose to use his knowledge and experience to give them an edge. I see nothing wrong with that. I do not know Sprott, I do not participate in any of his funds, but his past performance gives him credibility. Is 2% exhorbitant?