Did anyone notice this one in last week's IC? According their report the company is likely to make $50m in their first year of production. It seemed of particular interest to me as their market cap is about $50m.

I have bought into the company. Does anyone have an opinion to share on the company?

Good thanks for that should be profitable

Up a fraction news this month u think?

Yes. Each day I review my research on this one because is looks like such an unbelievable opportunity, but so few others have cottoned onto it!!

At current molybdenum prices they should make 70m this year and 350m next year. That compares rather favourably to the current market cap of 20m. To fulfill the IC forecast of first year of profit equaling current market cap moly prices would have to drop by 80%.

I will just sit and wait for the news and hope that in time others are able to see this opportunity and jump in, proving me right.

Tallsiii

Eureka Who ? Sounds to me like its all in the price. But have any of you had a look at Vane minerals if your not a widow or an orphan these may be for you.

All in the price? Even if we were in the worst bear market ever and Kasakstan were about to go to war with China, this share would still be cheap....

2005 Forecast PE 0.5
2006 Forecast PE 0.1

sounds interesting...will look further into it.