RE: MOLYBDENUMS PERFECT STORMLet me inform others of Adams Metals. Adams predicted last spring (2004)that the moly price would fall apart by the end of 2004. His figures were less precise as in the Perfect Storm, but let me tell you were he could be off. First, during 2004, by his figures, if overall demand went up 3%, that amounts to about 9 million lbs per year extra which is needed each year. He recons that by the end of 2004 we were in surplus by 5,000,000 lbs. We know that Highland Valley produced 10,000,000 lbs in 2004 and will produce 5,000,000 lbs in 2005. That takes care of the surplus. Now for the furure. Endako produces 12,000,000 lbs a year and will stop production in about two years. What replaces that? Also, the price is still $28.50 per lb. I don't call that a big fall. In fact the price is much higher than in the spring of 2004, when Adams madwe his original call. This was not a spike, in my opinion. The price has risen for two years plus. Everyone capable of producing more is in there producing by now. The last part, sure increasing demand is running at 3% a year, but the surge in demand from many large pielines, nuclear plants being built, etc etc etc that have been spoken of on this board is still coming. Mr. Adams is whistling in the wind (still). IMHO