Molybdenum could become the next big thingDon't lose sight of what Sultan is presently driving to prove. They are hitting economic grades of Moly in every hole they're drilling. That is, according to the information I have been able to find. They are well on the way to developing a NI 43-101 compliant study at Jersey-Emerald. That, will get people's attention. Especially when it has a Tungsden kicker on top of the massive supply of high grade Molybdenum. The existing stockworks will virtually reduce mine development time by years. Also, the revenues from this mining operation will provide funding for development of the Kena gold and silver property. They have a good plan to prove resources without diluting shareholder values.
The following article shows that some experts don't see an end to what was perceived as "Molymania", which emerged in 2004:
"We talked with Maria Smirnova, a Sprott Asset Management Research Associate, who spoke positively of the metal, “I think the key to the molybdenum story is its wide-reaching applicability, especially in the energy sector.” She added, “This specialty metal is used in oil and natural gas pipelines, hydrocarbon desulphurization, oil drill rigs, pollution control equipment and nuclear energy applications.” Energy bulls, perhaps even the Sprott team which has bet heavily on the energy sector and invested in two molybdenum juniors, believe the world will need more “moly” during this commodities boom."
https://www.stockinterview.com/molybdenum-energy.html
Have a good week-end
griz