From Stockhouse
Excerpted below is a paragraph from the Editorial page on Stockhouse.The headline to this paragraph on moly reiterates what we all already know.In light of the apparent supply shortfall for moly, the writer feels obliged to specify a reason as to why TCM has slipped in price:, due to the “…shutdown of its Pittsburgh facility”
Perhaps this writer could have also supplied a reason as to why ML has seen its share price slip, as well?It could go something light this”
“Mercator Minerals has recently seen its share price slip, on reports that itis about to commerce production at its wholey owned, royalty free Mineral Park mine, with a 50,000 ton per day mill, thus becoming the second largest producing copper-molybdenum porphyry in North America.”
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(excerpt)
Molybdenum: Applications growth and decreased supply forecast
High demand for molybdenum coupled with concerns of shrinking global supply and a strong growth in increased applications have contributed to relatively stable prices. Recently, Thompson Creek Molybdenum (TSX: T.TCM, Stock Forum) share prices slipped on reports of a decline in sales as a result of a build-up of inventory caused by a planned maintenance shutdown of its Pittsburgh facility. Although the company looks on target in meeting its 2008 production expectations, and profits are up, the increase was lower than anticipated.
https://www.stockhouse.com/Columnists/2008/August/12/US-dollar-gains-and-hard-commodities