Maybe institutions are waking the hell upMoly Mines is the best deal in the entire market if you are interested in Moly. I've looked at em all on my little spreadsheet.
Thompson Creek announced 24MM lbs '08 production guidance, up from 16.3MM lbs in '07. Current mc is ~$2.15 B. (down significantly from their $2.9B high last year) due to problems in their Endako pit.
In 18 months, MOL will have the same 24MM lb guidance and the same $2-$3B market cap. Moly Mines looks to be a conservative 5-7 bagger from these levels, assuming modest dilution from the equity financing.
MOL is gonna jump when they announce financing. Then an equity deal in the $5 range is my guess. And if institutions wake the hell up, I wouldn't be surprised if MOL sees close to $10 by year end.
I've put $50K into this one. I hope to see $250-$350K by end of '09. And with some of the profits, I plan to go see the mine opening ceremonies.
I am 100% certain this is a multibagger from these levels.