June 1 NAV!I emailed Sprott today to get the most recent NAV & got this response. Perhaps they have an automated selection for the NAV since they seem to be prefering you phone them.
" Good Afternoon,
As at June 1, 2007, the NAV of the Sprott Molybdenum Participation Corp. is $5.46. Please call our client services department toll free at 866-299-9906 to get the weekly NAV. There are no plans at this time to publish the NAV.
Thank you,"
If you read the last published NAV article from April 23 available on the Moly Fund website, it explains how they are discounting locked up shares by a very large amount. This means they are being highly conservative with their NAV calculation. As those shares become free trading the NAV will climb independant of market fluctuations.
I have been building an overweight stake in MLY over the past week. I believe I have been able to buy those shares at less than true NAV with good upside potential. I have done a lot of research on Moly and this Moly investment vehicle recently. Now that the initial excitement has subsided, it looks like very good value. Cheers!!!