RE: Whats the floor for moly prices??Problem is that QUA which is copper, has PRESENT earnings of about $4 and a PE of 2.5.
Considering that, TCM is expensive.
Nobody cares that moly prices are holding at 33.30 while all other prices are tanking.
People TCM as a commodity stock and are selling.
Guilty by association, just like the CAN banks.
BOTH are not right but that is what is happening.