GREY:LEWCF - Post by User
Comment by
cabo1on Mar 27, 2011 6:59pm
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Post# 18347690
RE: TRUTH / Moly Demand
RE: TRUTH / Moly DemandFirst off lets start with correcting your insightful knowledge of the 43-101. Here is Kelly's comments;
This established an inferred resource of 84,316,000 tonnes grading 0.028% Mo
(0.047 MoS2) using a 0.02% Mo cut off and a minimum core length of five meters.
You should read the WHOLE report, you must have done very poorly in school. Also before you get to carried away with that report you posted it is very misleading because the chinese have stopped exporting their moly totally and if anything the disaster in Japan only confirms many good things about japanese engineering. That reactor was built to withstand 8.6 level earthquakes let alone the tsunmai and it was 40 years old. There will be a big run on NLG and coal. Coal is getting expensive and soon gas will be also because of demand. Now if you think for a moment the Chinese will be not proceeding with their reactors your dead wrong. The crap about autos is already built into the market price and has been for 3 years. The market has discounted it. Now let's talk pipleline restoration and building. So the arguement for a reduction is demand for moly is priced in the mkt now. The envirmentalist are not ging away and someone will throw them a bone. It will be in higher standards since it is fixable at the cost to the end user like always.
Getting back to LWC the upside is definetly not as high as Canon suggests but I think with a successful program the old high is very achievable in the short run. In the last 3 years no other moly projects have surfaced so you can only pick whats there. TCM is now a index stock and that takes away from its moly exposure because it will move with the market indexes. You nay not like LWC but you probably don't like moly anyways so I ask WTF are you doing here anyways. If your looking to save people go the Salvation Army.