Starcore International Mines Ltd T.SAM

Molybdenum over $25

[gpwild]

What Moly price do we need for El Creston to be economical with the resource estimates from the recent PR?

Moly closed at a futures price of $25.00

The spot price for immediate delivery is $25.96 which is still in significant backwardation. Means moly still has room to run before a pullback/consolidation.

[gpwild]

Futures closed at $26.47 per lb today.  Looks like it's starting to top out. No longer in backwardation. Spot price actually down slightly from yesterday at $25.45

[gpwild]

Moly at $27.32 Moly has a huge 12 year cup formation on the charts and is starting to break out and form the handle, so it may have substantial room to run over the next year. It's a similar chart formation to that of silver but moly is a thinly traded commodity and there's laws regarding how many future contracts can be opened like most commodities. Market makers can't "tamp

[gpwild]

$29.75 today. If the run continues, it should break $30 tomorrow.

[gpwild]

....and we close the year at $30.33

[tovitekovich]

Up over $10 a pound in a month...

[gpwild]

Spot price closed today at $32.20 Significant bakwardation has returned so moly should continue to run.

[gpwild]

Correct me if I'm wrong but the all time high for molybdenum prices was just below $40/lb back in 2005. ($39.54) The moly situation is definitely interesting. There's starting to be a lot of chatter on different stock forums wondering if we'll be seeing a lot of merger and acquisition activity in the moly space in the near future.

[moorage]

Correct ! 8 million cash or regular profits from precious metals trading become irrelevant. SAM's money will be earned here ..... in the future: https://www.lme.com/Metals/EV/LME-Molybdenum-Platts#Price+graph

[tovitekovich]

Peak molybdenum was over $45 a pound Here is a chart:

[tovitekovich]

The interesting thing is we are trading currently over $30 a pound and the interest from what i see is very low in general, may change soon. The nice thing is molybdenum is mostly a byproduct from copper mining and there are only very few resources where molybdenum is the predominant resource, which makes the molybdenum space a very small niche market which in the right circumstances makes it also

[moorage]

Some investors suddenly start to do the math and buy SAM today. https://www.lme.com/Metals/EV/LME-Molybdenum-Platts#Price+graph Molybdenum