Adanac Molybdenum Corporation AUAYF

RE: Moly will return to $30

[advice4U2]

https://www.siliconinvestor.com/readmsg.aspx?msgid=22047432 says Reser wrote what you did or did you just forget to put quotation marks? You... "Much ado has and still is being made by news articles as to Roasting bottlenecks causing high Mo prices. This is a bottle neck for Copper by product Moly only as it is far more an intensive and costly process than the Roasting of Primary Moly w/o Sulfides. A lb of pure Moly (no sulfides) can be roasted for as little as $0.50 p/lb or less. As for Copper based Mo it can be as much as $5.00 p/lb to Roast. Chemical leaching of impurities etc and extended processes add greatly to costs. Endako & Thompson Crks US operations both have excess capacity at present, but only for clean Moly free of Copper Sulfide impurities. They don't roast by product Moly. From my personal observations and discussions with industry participants, I believe Moly prices will return into the $30.00 range or higher when it is realized that all the Copper producers have ramped up high grading of Copper/Moly pit operations over last 18 months to capitalize on high Cu/Mo prices and now must return to lower grade portions of the pit operations. Phelps Dodge Copper/Moly production (announced today) was already down 37M /lbs in 4th Q /05. Soon this scenario of high grading by ALL copper producers will be evident and be reflected in higher Moly prices. IMHO" ---------------------- Posted on my Moly board on SI: "Moly Roasting Comments from Yahoo Molybdenum Discussion Board today. From: "Ken Reser" Date: Tue Jan 10, 2006 10:37 am Subject: Moly Roasting Bottleneck Half-Truths. Much ado has and still is being made by news articles as to Roasting bottlenecks causing high Mo prices. This is a bottle neck for Copper by product Moly only as it is far more an intensive and costly process than the Roasting of Primary Moly w/o Sulfides. A lb of pure Moly (no sulfides) can be roasted for as little as $0.50 p/lb or less. As for Copper based Mo it can be as much as $5.00 p/lb to Roast. Chemical leaching of impurities etc and extended processes add greatly to costs. Endako & Thompson Crks US operations both have excess capacity at present, but only for clean Moly free of Copper Sulfide impurities. They don't roast by product Moly. From my personal observations and discussions with industry participants, I believe Moly prices will return into the $30.00 range or higher when it is realized that all the Copper producers have ramped up high grading of Copper/Moly pit operations over last 18 months to capitalize on high Cu/Mo prices and now must return to lower grade portions of the pit operations. Phelps Dodge Copper/Moly production (announced today) was already down 37M /lbs in 4th Q /05. Soon this scenario of high grading by ALL copper producers will be evident and be reflected in higher Moly prices. IMHO Got GPXM???" ------------------------------ Want to explain? Sorry if this was a mistake but if it's not you then please use netiquette and put quote marks on other peoples postings.