Greenland Resources Inc N.MOLY

Moly going forward

[jandd]

I think you guys are wrong wrt the moly curve going forward. By-product production is dropping off and Climax has only 4 years left. For sure Freeport has some development plays in the area but permitting in CO just about impossible nowadays. 20 years of underinvestment in the moly space will pay off in spades for the few quality deposits out there.

This recent price uptick was due to demand from the steel side, rumors are that China has been stockpiling as they need to use a higher moly content with their steel products to get in line with the rest of the industrialized world.

The world bank has stated that Molybdenum is a critical mineral needed in all future green energy technologies

A recent science direct article claims that moly is running out: https://www.sciencedirect.com/science/article/pii/S0921344918300958

It’s not like only one deposit will be developed, but the reality is that there are only 4 decent deposits outside of the Freeport realm, the rest are much smaller and lower grade or not very far along the development stages… These would be of course Malmbjerg, Mt. Hope, Ruby Creek and Kitsault… the rest are wanna-be’s including both of Centerra’s assets albeit they are past producers and have the infrastructure there, but the orebody size and grades don’t compare to the above…

It looks like the space is going to heat up, and the time to get positioned is ahead of the crowd. Malmbjerg is the best of the bunch, but it does not compare to Climax, and the cost of building in Greenland is often unsurmountable. For sure if Malmbjerg was located in North America, it would be in production.

[TELEMARKER]

good post Ignoring any asteroid mining CUMO deposit in Idaho is another -  MLY ticker Davidson Smithers BC underground deposit - drilled, undeveloped Roca Mines underground at Trout Lake BC, shutdown since 2010 Northcliff NCF in New Brunswick - undeveloped open pit Several other Yukon, New Mexico Several in Australia - one named Merlin in Queensland, other one proposed open pit in Western

[Tad]

Telemarker and jandd , As you two already know, we’ve had a good run up in molybdenum prices from US$10.00 / lb in the first half of 2021 hitting US$20.00 /lb on two ocassions. It looks like moly is establishing a new trading range of US$18.00 - US$20.00 / lb. A break out above this current price range will in all likelihood see an influx of investment into the moly space.  Getting in early

[TELEMARKER]

Tad you have been on SH longer than me by a few years, oldtimers Remember when moly was U$30+ in 2007 / 2008? Repeat CG Thompson Creek in Idaho  and CG Endako in BC are shutdown, could be restarted The resumption of either of these and increased production from FCX Climax / Henderson would affect the Moly price You stated  "I'm currently invested in one other advanced Climax

[Tad]

Telemarker, LOL, the ID is getting long in the tooth on here  ....  Gawd, April 1997 ..... I followed Stockhouse founder Jeff Berwick over to his current platform, The Dollar Vigilante, a decade ago,  after he sold Stockhouse back in the 2010 - 11 time frame.  I was referring to the Ruby Creek moly deposit. Approximately 461.5 million lbs of measured, indicated and inferred

[TELEMARKER]

I was heavy inro all moly stocks in 2007 - 2009 MLY Moly Participation Fund (Sprott), this was folded in 2009 Roca Mines - Trout Lake u/g mine and mill lots of other junior molys I think Larry Reagh was running Adanac back then GMO is defunct It has been 10 years since moly price collapsed Can't see it climbing past $20, higher production from existing mines will cap it

[ismand]

makes sense what u say, very few open pit comparables in size and grade that can produce for decades.. see how the feasibility comes and if this guys can get 0-2% funding or so from government banks in europe because the eu policy to secure eu projects in eu for their green deal..