RE:3rd Quarter ReportKey Paragraph..............."The Board is aware of the urgent task ahead to restore shareholder value and will be embarking on two large and very important initiatives. The first is to take the steps necessary to start rebuilding the reputation of Moly Mines. The second is to grow the value of the company. While the Board is keen to make progress on these fronts as soon as possible, all opportunities will be considered in a very careful and measured way. Getting it right is critical. The early view of the Board is to concentrate on substantial advanced projects in copper and gold in countries with acceptable sovereign risk. Ideally, there will be more than one project, with both commodity and geographic diversification. As the Board refines its thinking, further detail will be provided."