GREY:AUAYF - Post by User
Post by
xdmmdx3on Mar 13, 2008 3:46pm
368 Views
Post# 14655314
A bright note...because we all need one...
A bright note...because we all need one...The price of Moly, which is always a lagging indiciator of whats to come, has started to slowly move upwards. You have to know that much higher prices are coming over the next few months. Especially with Oil at $110 and the Asians starting to buy. Watch the price as it climbs over the next few months, should also help all Moly stocks to rise as well.
As for all you whiney babies always complaining about how slow mines come into production, realize that this is the same for ALL mines, no matter what the SAY their timeline will be. They call for it to be fast, but it never is fast. Look at Blue Pearl's Davidson deposit, it was suppose to be in production by 2007. What a laugh!! Do they even have a feasibility study complete there? NO, in fact they are still in their pre-application status still trying to figure out their project description which they keep changing!
Adanac actually has moved exceedingly quickly through their processes, even with finacing and gov't delays. I know it seems like FOREVER to wait for success, but I'm quite sure when it comes, it will be sweet, at least I like to hope so.
Good luck to all,
x