Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: tyc:> who wrote (66557)	7/31/2009 12:08:33 PM
From: LoneClone	Read Replies (1) \| Respond to of 78416

I am contemplating breaking out part of my Rare Earth and Exotic Metals board over to a new board on Alloy Metals, namely cobalt, vanadium, chromium, manganese, and titanium. If so, I will add moly to the mix. But to your question, the answer is perhaps. Most molybdenum is produced as a byproduct, primarily of copper mining, from deposits owned by the majors, so it is very easy for the big dogs to adjust their output by ramping up their moly extraction circuits to meet any increase in demand. And then there is the giant mine in the states owned by Freeport that if they reactivated would dominate the market. That said, I am sure the little producers would love for the price to be 60% higher, which seems quite a reasonable price considering it was over $30 not so long ago. LC

To: tyc:> who wrote (66557)	7/31/2009 1:02:11 PM
From: Nostradameus	Respond to of 78416

TCM is a good choice. Warrants : nice leverage. On TCM website , moly is already at 15 $.

To: tyc:> who wrote (66557)	7/31/2009 10:05:05 PM
From: hank2010	Read Replies (1) \| Respond to of 78416

Thompson Creek website shows two prices for moly on July 31, 2009 Metals Week says $15.125 and Ryan's Notes shows $16.50 per pound. Prices have more than doubled since last fall's lows and are 50% of where they were last August! However, rate of increase in price is picking up steam.