RE: this is excitingThompson Creek Metals (TCM:Toronto) revised the estimated life of its molybdenum mine to 2034 from 2013, sending the stock up 23.61% to a new 52-week high. At the same time, Imperial Metals (III:Toronto) benefited from successful test drillings at its Mount Polley open pit copper and gold mine in central British Columbia. The stock gained 22.58%.
https://www.thestreet.com/s/precious-metals-funds-shine-next-to-weak-dollar/funds/ratings/10367826.html?puc=_tscs
it wasnt cramer who wrote the site it was one of his guys on his financial website. they have also been talking about GMO quite a bit before its recent breakout. GMO even made Cramer's tv show. Cramers personal pick to play moly has been freeport mac. its only a matter of time imo before TCM is being talked about on CNBC regularly. Uranium fever occured first in Cananda and then occured much later in the U.S. and who did they turn to? Cameco. i think the same thing will happen with moly and TCM. lets just hope china keeps their export quota's in place bc like Ian Macdonald fears, china could flood the moly market and crush TCM and all players if they choose too.