China India Japan Libya & TOSCATosca news recently ....Acquisition of a major new property with historical drilling and LOTS of Copper and even more Molybdenum, combined with a financing of substance. This all bodes well for the Tosca. Sadek El-Alfy has taken the reins of the company, so there is a businessman AND a mining exec in places of power now.
Most importantly we have a serious mining asset in place, a very good contract that allows for the company to prove the property up before paying too much, and interestingly a management team that just worked on a huge Moly deposit in Mexico. The market capitalization of Tosca is now almost insignificant considering the asset in the ground, and with the money raised El-Alfy and Riccio can drill and properly prove up just how big the assets are.
I can’t believe that demand for the building blocks of general infrastructure is going to dry up anytime soon either. Afterall ChIndia is growing like mad and now Japan and a lot of the Mideast will have a great deal of rebuilding to do as well ... all combined with an economic recovery, albeit slow but recovery none-the-less for the rest of the 1st world. Yeah, the demand for copper will remain high and Moly particularly for pipelines is going to continue to be in high demand.
We are in for a good solid ride up, once the noise in the markets quiets a bit!
Mike!