http://metalsplace.com/metalsnews/?a=1414

The Malmbjerg deposit has been explored since 1954 by AMAX and other companies, and currently plays host to 147 diamond drill holes totalling 22,877 metres long with three underground adits totalling 1,329 metres. Galahad has reviewed all the previous data and is finalising its development programme. The inferred mineral resource stands at 118 million tonnes at 0.24% molybdenum sulphate and the orebody would support a 15-20 year mine life at a production rate of 15,000 tonnes daily. This would give the operation a break-even price of $4-5/lb molybdenum cash cost, and a total break-even cost of $8/lb. At a proposed rate of 22.5 million pounds per annum and at $30/lb molybdenum, this would generate roughly $500M per annum against a capital cost of $605 million forecast. All other things being equal, this would be throwing off cash within a short period of time


$500m is equivelant to 291m per annum
$750m is equivalent to 436m per annum

22.5m x $30 = $675m revenue
22.5m x $8 = $180m costs
22.5m x $22 = $495m profit per annum


IMY are only worth 35.4m, what price will they be in 2-3 years time, as they get to mining ?

"We are excited by the opportunities opening up for InterMoly. We expect significant gains in the value of the Malmbjerg project to accrue as it progresses towards the production stage."

BFS completion expected at the end of March 2006

Production could possibly be raised now that the resource is known to be 50% bigger(see latest RNS)
They will mine the highest grading areas first, 50% higher grade than the average, means around $750m profit per annum in the first year and a half
Price of Molybdenum might well go to $40 or even $50 according to some analysts, that would take profit into the $1Bn+ bracket for the first year and a half, without any rise in production


Measured and Indicated Resources of 217 million tonnes at a grade of 0.20
% MoS2 with an additional Inferred Resource of 12 million tonnes at a grade
of 0.15 % MoS2, using a 0.12% MoS2 cut-off grade


Higher-grade Measured and Indicated Resources of 33.8 million tonnes at a
grade of 0.28% MoS2, above a cut-off grade of 0.25% MoS2




"We are very pleased to report the resource upgrade at Malmbjerg to Measured and Indicated status. The new resource estimate further confirms the very large tonnage and grade of this world-class deposit and, encouragingly, the existence of a substantial higher grade zone. In addition, the new resource estimate increases the contained in-situ mineral resources at Malmbjerg by 50% from 630 million lbs to 950 million lbs MoS2 at the lower cut-off.

We expect the higher-grade zone to form the basis for initial mining of the deposit as part of the feasibility study being developed for the project. All sections of the feasibility study are currently underway. This is another significant step forward for the Malmbjerg project in realizing Management's objective to develop the project and create shareholder value." http://www.resourceinvestor.com/pebble.asp?relid=14720

InterMoly owns 100% of the Malmbjerg project. The Measured and Indicated Resource estimates will form the basis for determination of the mineable reserves upon completion of the feasibility study scheduled for completion by 30 March, 2006. A scoping study carried out by Hatch earlier this year anticipated a production rate of 15,000 tonnes per day with a 15 to 20 year mine life.


$32 per pound times 950m pounds equals $30,400m mined over 15 to 20 years, a world class deposit indeed



booming prices of copper and molybdenum

http://www.mercopress.com/Detalle.asp?NUM=6748

Regarding molybdenum this year's average price is estimated to remain at 32 US dollars the pound, similar to last year, but double the average two years ago


Molybdenum prices have increased from $6.00( US) to the current price of $35.00( US) over the past 18 months.
http://www.howestreet.com/adanac/

Last RNS showing the upgrade of resources
http://www.companyannouncements.net/cgi-bin/articles/200511170700262572U.html

Official Website
http://intermoly.com/

AIM Prospectus here
http://intermoly.com/aimAdmission.pdf


An analysts view of the Molybdenum market
Now lastly before I return to the Coal Liquefaction aspect that gave inspiration for this report, you should realize that the global demand for Molybdenum rose by 7.2% in 2004 to 374 million lbs from 349 m/lbs in 2003 as outlined in a study commissioned by International Molybdenum PLC and performed by CRU Strategies Ltd. mining consultants. Further CRU states that conservatively Molybdenum demand thru 2009 will grow by 3.5% to 4.1% p/a and the projected demand will be up to 475 million lbs in the same year. They also (CRU) project a deficit in Molybdenum production in 2008 and as much as a 14 million lb deficit in 2009. The theory of the world entering a "Super Commodities Cycle" is supported by recent reports by Citigroup-Smith Barney (China - The Engine of a Commodities Cycle, March 31 /05) and Goldman Sachs (Metals & Mining March 21 /05) and US Energy (Oil March 30/05) and along with the likes of the renowned Jim Rogers I believe this super cycle in finite resources is well underway and will last for many, many years to come.

Remember Molybdenum IS the biggest percentage dollar gainer of ANY metal in the last 18 months, and we hear little but negativity from media and mining websites.

Over the last few days I have read of Chinese Molybdenum traders stockpiling product for the end quarter of 2005 in order to have supply.

Sept 2/05 a London Mining article stated this in part- "Prices of Mo alloys all rose on Friday as buyers in search of large quantities found that the tightness of supply that had characterized the market in the early part of the year has not lifted." End

Yes there is a bottleneck in Roasting facilities and it is having some effect on Mo price, but why is there a bottleneck? Because demand is outstripping world roasting facilities. Quite simple really! With 5-7% more demand projected by various industry participants, I'd say they better get busy building a lot more roasters, and bringing new Primary Molybdenum Mines in the world onstream or we may see $50.00 p/lb Moly in future.

China's Metals Info Network, ANTAIKE on Aug 19/05 says new overseas roasting facilities will not be operational until after 2007.

Albemarle Catalysts of Louisianna who use approximately 10 million lbs of Molybdenum p/a, stated in a recent report- "We expect a 5% yearly growth rate in certain catalyst sectors" and so with the peak oil events facing the world and new refineries coming onstream (in Saudi Arabia & China) and expecting two more refineries in China as well as others around the globe, Tar Sands Oil, Coal Liquefaction, drilling exploration coupled with drill steel use & pipelines etc, the demand for Molybdenum & Cracking catalyst should continue to grow as will the specialty steel demand. Molybdenum has gained a new place of stature in the world's insatiable demand for noble metals.

New Update: According to the latest report from BCC Inc. Research, www.bccresearch.com/environ/C166R.html they estimate that by 2009 the market for Environmetal and Energy related Catalysts will grow by an average of 12.8% P/Yr. This is far beyond previous industry estimates I have outlined. Molybdenum it would seem has a bright future indeed.

http://www.gold-eagle.com/editorials_05/reser092205.html

Anyone else in these or am I on my own until they hit a few pounds ?

http://www.newguineagold.ca/MolybdenumBigSecret.html

Oooh, some price movement, the trade(s) that caused it haven't appeared yet, maybe 9am ?

Some nice buys today, as you could only sell for 25.5p, so they are 2 buys of 40k worth each, and one broker to broker trade, and that might turn into another buy tomorrow AM, as the broker obviously wanted them to sell on imho

maybe news is on it's way

INTERMOLY APPOINTS HB ADVISERS (announced 23rd August 2005)

The Company announced that it had retained HB Advisers, a 100% owned subsidiary of the Hatch Group, to assist with the identification and selection of potential end-users and potential partners for its Malmbjerg molybdenum project.

Graham Mascall, the CEO of InterMoly, said

The appointment of HB Advisers at this stage will help us to identify those steel companies, traders and other companies interested in participating in the Malmbjerg Project. We will then be in a better position to define our marketing and financing strategies in the latter part of 2005 and further develop them in parallel with the delivery of the DFS in March 2006.

Erik, been tipped these earlier in the year but could find little info, your intro looks informative, printed it off and will read with interest.

Andy, how is your research going ?

Did you buy any ?

Price is rising nicely with some good buying, another big B trade as there was yesterday and another the day before, a good sign I think as it means the client of one broker is putting big orders in, and the broker has to buy from another broker to fill the order, could go up nicely on news if they are really that short of stock.

Erik the Red

Two days in a row the price has lifted early morning at 10:30 and 11:30 respectively, strangely Greenland is 3 hours behind the UK, that would make the buys at 07:30 and 08:30 respectively, coincidence ?

Molybdenum prices from the Intermoly website

http://www.intermoly.com/molyPrices.jsp?sidebar=investors

Looking at the early years of production, it seems I am going in the right direction with IMY going for $750m profit in year one.

International Molybdenum PLC
13 October 2005


International Molybdenum PLC
('InterMoly', or 'the Company')

2005 Summer Drill Programme Successfully Completed,
Confirming Existence of Higher Grade Areas

InterMoly announces the results of its successful 2005 summer drill programme at
its Malmbjerg Molybdenum Project in Greenland.

The summer drill campaign confirmed the results of previous drilling and filled
in areas that were not included in previous drill campaigns. Assay results
confirm the presence of the significant molybdenum mineralisation indicated by
the previous work conducted on the project and also confirm the existence of
higher grade areas within the overall resource.

The drilling results are now being included into the resource model for the
deposit as a basis for reclassifying a substantial portion of the Inferred
Resource to NI 43-101- compliant Measured and Indicated Resources. Modelling of
the resource is now being completed by Roscoe Postle Associates and is
anticipated to be completed in about 30 days time.

The model will become the basis for mine design and cost studies to be
incorporated into the Feasibility Study presently being conducted for the
project. Once the resource modelling is complete, mining studies will determine
to what extent the higher grade areas can be mined selectively to maximize the
cash flow from the project during the early years of operation.

Graham Mascall, the CEO of InterMoly, said, 'We are pleased to have completed
the summer drilling programme, together with the associated geological,
geotechnical and metallurgical work, on time. We are encouraged by the drilling
results obtained from the samples taken, particularly the indications of higher
grade areas which we expect will have a positive impact on optimising the mining
plan and project economics. We now look forward to completing the engineering
studies as part of the Feasibility Study for the project and its completion by
the end of the first quarter, 2006.'

A webcast is available on the Galahad Gold website, it includes a few slides and audio description of IMY and Malmbjerg

http://www.galahadgold.com

from slide 23 of the gla presentation

(at $30 per pound) "$567m dollars of operating profit when in production"

"i have never seen numbers that are as favorable as this"

"moly is once again another metal that is going to be driven by demand from china, moly is used in Stanless Steel it accounts for 2% to 5% of stainless steel, in China stainless steel demand is growing by 20% per year"

Red Erik

Am in IMY via Galahad Gold which owns nearly 78% of IMY equity.

GLA have other mining activities which so could be regarded as a better spread.

Thanks for the research, as they say, every little helps.

Predateur

Predateur, I know there's a lot of people in GLA, I just fancy IMY on it's own due to the small amount of free floating stock, even after the fundraising to build the mine, most of the stock will be in the hands of GLA and big institutions interested in the divi, the SP could go ballistic as it will be in short supply, and thats where I will make my money :)

I might dip into GLA too, when I have some profit to take elsewhere :)

Erik the Red

Been looking at flammefjeld and malmbjerg and it appears that there is only 200 miles between them which poses the question 'could a mine constructed at malmbjerg be used to process ore from flammefjeld ?'

flammefjeld could be a world class deposit like malmbjerg and should not be put to the back of ones mind as work is being done there at the same time as plans are being developed for malmbjerg and good results at flammefjeld could mean a decent rise in the sp

interesting stuff and i will be hanging around to find out

Malmbjerg is located along the east coast of Greenland at latitude 72 degrees and longitude 24 degrees west
Flammefjeld is located along the east coast of Greenland at latitude 68 degrees north and longitude 32 degrees west

Molybdenum - the '21 st Century Metal'

By Ken Reser
September 12, 2005

The unique properties of Molybdenum alloys are utilized in many different applications

Corrosion resistance and strength in stainless steel, wrought alloys and super alloys. These uses accounted for approximately 75% of Moly consumption in 2004.

High temperature heating elements, radiation shields, forging dies, rotating X-ray anodes in clinical diagnostics, glass melting furnace electrodes, heat sinks for matching silicon for semiconductor chip mounts, interconnects on integrated circuit chips, coatings for piston rings and machine components.

Smoke suppressants & solid lubricants to reduce friction, Moly lubricants ie: grease & oils, engine corrosion inhibitors in coolants, lubricants in space vehicles.

Chemical processing equipment, vessels, tanks & pipelines, flame retardants, dry lubricants, light bulb filaments, inorganic paint pigments, chemical catalysts and desulfurization catalysts.

Non-ferrous alloys (super alloys) or nimonics account for about 3% of total demand for Moly. They are used in jet engine turbines, nuclear plants, gas turbines, space exploration and general aviation.

Nuclear reactor vessels. The reactor vessel serves to contain and support the reactor core and vessel internals. It is constructed of Moly carbon steel, lined with stainless Moly steel and has 8 inch thick walls.

Molybdenum is used for scrubbers in flue gas desulfurization (FGD) in coal fired power stations around the world. 9% to 16% Moly is used in inconel alloys for this process.

Soil supplement in agriculture as well as human and animal supplements.

Molybdenum alloyed with Rhenium (Mo-41Re & Mo-47.5Re) is used in electronics, space programs & nuclear industries. Moly-25% & Rhenium alloys are used for rocket engine components and liquid metal heat exchangers.

Moly steel is used extensively in the millions of miles of oil, gas and water pipelines around the world. (ie; 2 million mi of oil pipelines in USA and 1.3 million mi of gas pipelines) (source-U.S. Dept of Energy) the EIA in a working paper states that "to meet the U.S. Energy demand for natural gas alone the pipeline mileage must increase by 30% or more. (cost est. $150 b). By 2025 EIA expects the US will need 47% more oil & 54% more natural gas.

Now one must consider how many of the pipelines built between 1930 and 1969 (over 2/3 of the current lines in use today) need replacement, and how many 100s of thousands of miles of new pipelines will be needed around the world for our booming oil & gas industry and ever-increasing demands. Consider the refineries and gas plants that need to be built as well. Molybdenum plays a very big part in all of these endeavors.

One of the largest uses of Molybdenum is in drill stem steel tubing. In the 1970's when oil boomed so did the price of Molybdenum rise. The many 1000s of onshore and offshore drill rigs (and service rigs) in the world constantly replace this drill tubing due to heat and metal fatigue, especially with the depths now reached by our technology, and the heat encountered at the greater depths & with the down-hole weight of the drill stem stretching over many thousands of feet. This may be one of the times in history when the demands on Moly won't ease as the frantic search for new oil & gas supplies due to peak oil having been reached will give a new constant impetus to drill exploration.

On the immediate horizon for stainless steel and Moly use also is the fact that new maritime regulations now stipulate that all single hulled oil tankers built before 1987 must be decommissioned by 2010, and thus will be replaced by double hulled tankers. From the information available it appears that 170 vessels will be affected by this law by Apr. 5th 2005, the oil containment tanks in these ships are constructed of a Moly alloy steel also. Coupled with China's maritime fleet building in progress (military and commercial) it looks like a bright future for Moly in this area as well. There are at present about 3,600 tankers in the world. 1/3 of the world's oil is transported by just 435 of them, the large VLCCs (very large crude carriers).

Now to the space age and future of Molybdenum
(This is the interesting part)

The SAFE-400 space fission reactor (safe affordable fission engine) is a 400 kWt HPS producing 100 kWe to power a space vehicle using two Brayton Power Systems gas turbines driven directly by the hot gas from the reactor. The heat exchanger outlet temperature is 880 degrees. The reactor has 127 identical heat pipe modules made of Molybdenum.

Wall material for space reactors. Thin 99.9% purity Molybdenum foils for use in gas core reactors. Temperature ranges from 1500 to 2000 K.

Molybdenum Rhenium alloys for spacecraft reactor applications.

Molybdenum in ION space thrusters.

Molybdenum wire in radio telescopes.

NEXT generation ION thrusters, currently being developed as well as near term Nuclear Electric Propulsion (NEP) Program. Molybdenum & Carbon.

Multi layering in space telescopes with Molybdenum, Carbide and Silicon. TRACE (Transition Region And Corona Explorer) revealing the secrets of the Sun.

Molybdenum, Lithium "heat pipe." Los Alamos N.M. A pencil sized tube of Molybdenum, with Lithium core that moves heat from one end to the other may someday allow astronauts to travel to Mars and beyond. The heat pipes on NASA spacecraft will be in groups from 5 feet to 24 feet long. NASA's Marshall Space Flight Center is working to develop heat pipes for use in nuclear reactors to produce propulsion and generate electricity for spacecraft to travel the outer limits of the solar system. Heat pipes have been tested in space from shuttle missions & performed flawlessly.

Now you can possibly see why the world is viewing Molybdenum in a different light and it isn't just the demand from China, India and developing nations that is driving the price and uses. Moly is truly a metal of the future in many ways and we may never see the same past monetary values placed on it in our future. The era of the second industrial revolution is upon us and it 'is' the 3rd world coming into the 21st century at a very rapid rate that is placing great pressure on base metal demand, but it also is the age of new and ever-changing metal technologies, and I personally think Molybdenum will play a very important part in this new era and will be a major component of any base metal bull market.

If one considers that Moly mines may have a new and more secure future than in the past then one should consider that a "primary pure Molybdenum mine" has no sulfides or copper to leach out of the finished product. The Moly when crushed can be floated off by using a simple soap or diesel fuel additive to the floatation tanks or columns and agitated. The Moly particles adhere to the air bubbles and rise to the surface to be collected (skimmed off). This is a very simple, cost efficient and environmentally friendly process. It is generally accepted that in the Moly by-product production of copper mines, it takes 10 lbs. of CU produced to acquire 1lb of Molybdenum. There are few primary Moly mines at present in the world and fewer still coming to future production.

Let us not forget the adage. "If the whole world had the lifestyle, material comfort and luxuries of the western world, we'd need another planet for the supply of natural resources." Because that transformation is coming fast and the resources are finite, the cost of base metals and energy sources is obviously going to get much more expensive as time & world growth progresses. Mankind's demands on base metals in our future will prove historical.

The 2005 Moly price projection - in a survey done by "Ryan's Notes" in a presentation by Alice Agoo, given in Ryan's Notes' 2005 Molybdenum meeting. This survey was taken from 17 end users of Moly & 20 producers (sellers).

The consensus forecast of each group in the survey is the overall average, as are the combined forecasts.

http://www.kitcometals.com/commentaries/Reser/sep122005.html

I thought they had a few uses for moly in that article, here's one or two more



Ultrasound Used To Create Hollow Nanospheres and Nanocrystals


Using high-intensity ultrasound, researchers at the University of Illinois at Urbana-Champaign have created hollow nanospheres and the first hollow nanocrystals. The nanospheres could be used in microelectronics, drug delivery and as catalysts for making environmentally friendly fuels.

"We use high-intensity ultrasound to generate nanoparticles of molybdenum disulfide or molybdenum oxide, which bind to the surface of tiny silica spheres that are much smaller than red blood cells," said Ken Suslick, the Marvin T. Schmidt Professor of Chemistry at Illinois and a researcher at the Beckman Institute for Advanced Science and Technology. "After heating the spheres to produce uniform coatings, we use hydrofluoric acid to etch away the silica, leaving hollow shells of the desired material."

Suslick and former postdoctoral research associate Arul Dhas describe their work in a paper that has been accepted for publication in the Journal of the American Chemical Society, and posted on its Web site. Funding was provided by the National Science Foundation.

Hollow nanospheres crafted from molybdenum disulfide could serve as a superior catalyst for removing sulfur-containing compounds from gasoline and other fossil fuels.

"Molybdenum-disulfide is a layered material, but its catalytic activity occurs at its edges," Suslick said. "By distorting and breaking up the layers, hollow nanospheres offer increased edge-surface area, as well as access to both inner and outer shell surfaces."

Further processing of hollow spheres made of molybdenum oxide, however, results in the unusual formation of hollow crystals that resemble truncated cubes. Upon heating a second time referred to as thermal annealing the hollow molybdenum oxide spheres are transformed into single-crystal boxes with spherical hollow voids.

The sonochemical procedure could be easily applied to other material systems to create additional types of hollow, nanostructured particles, Suslick said.

Sonochemistry arises from acoustic cavitation the formation, growth and implosion of small gas bubbles in a liquid blasted with sound. The collapse of these bubbles generates intense local heating, forming a hot spot in the cold liquid with a transient temperature of about 9,000 degrees Fahrenheit, the pressure of about 1,000 atmospheres and the duration of about 1 billionth of a second.

For a rough comparison, these values correspond to the temperature of the surface of the sun, the pressure at the bottom of the ocean, and the lifetime of a lightning strike.

Ultrasound consists of sound waves above 18,000 cycles per second, too high-pitched to be audible to human ears.

"MOLY"THE NEXT SECTOR TO ROCK!
By Mike Hoy
September 26, 2005


For those of you who havent noticed; it appears that the price of Molybdenum (moly) is on the move and the funny thing is, it is moving in the opposite direction of what most of the analysts and newsletter writers have predicted. HOW CAN THAT BE? How can they be wrong about a base metal that has skyrocketed in price by more than 12 X in the last 3 years? Funny thing about this is the fact that it is not really their fault that they have been on the wrong side of the price movement with their predictions.

Moly is one of the most unknown and mis-understood base metals in the world today. This metal is unquestionably the metal of the 21st century. Not only is it the metal of the 21st century but very few individuals, investors, newsletter writers and even companies that produce moly have a clue to the importance that moly will play in shaping the rest of our lives and the lives of generations to come.

The best part about this is the fact that we, as consumers, are going to be the big winners. Not only will the consumer be a huge winner but countries such as the US and China can now look at each other as partners in the development of crucial technology and power plants that will easily solve the worlds energy problems and needs rather than fierce competitors for the worlds dwindling supplies of natural resources.

Think about it for a second! What better way to cool the worlds frayed nerves than to come up with a solution to the worlds energy crisis! Think of the possibility of buying gasoline at $1.50-$2.00/gallon again. Believe it or not there is a solution to the worlds energy crisis and the technology has been around for decades! In fact this technology is now in the process of becoming a reality.

China and South Africa are working together to develop and build power plants that will liquify coal in a process that makes their vast reserves of coal economical and the finished product is burned pollution free. Think of what this means! Both the US and China can tell the oil producing nations, of the world, to go take a high flying leap off their tallest oil rig. For the first time in years I have positive feelings about the future and I can see a way for the US to solve many of its pressing problems. Think of automobiles and power plants burning fuel that is virtually pollution free for a lot less than we pay for the same energy today! This technology will not only solve our energy crisis but it will also do wonders in solving the worlds air pollution crisis and the threat of global warming.

I hope you are getting as excited as I am because from my standpoint I have searched for a very long time to find anything to be positive about in the world today. Not only does this give me something to cheer about but the timing cannot be better.

Now you have got to be asking yourself how does moly fit in to this? The answer to that is very simple but yet it has been kept a BIG SECRET! Very few people know or understand the fact that MOLY is the catalyst to clean the impurities out of the vast quantities of coal and stranded natural gas that exists in the world today. With moly as the catalyst there is very little doubt about the fact that the demand for moly can do anything but increase significantly over the years to come.

Very few newsletter writers, analysts or even producing moly companies understand the fact that the world of the 21st century cannot exist, in the manner that it will, without a much larger supply of moly than is available in the market today..

Without this knowledge there is no way that many of these very intelligent people could come to the conclusion that the price of moly could do anything but fall in price. That would be a logical and practical opinion to form.

For months newsletter writers and analysts have said that moly prices would fall below $15/lb. after peaking above $39/lb. For months end users of moly have waited for the pullback in price. Most of these end users felt that moly had no-where to go in price but down. As a result of this thinking these end users kept their inventories of moly at very low levels. They waited and hoped that the price of moly would fall. Moly did have a pullback; all the way to the meager level of $29/lb.

The funny thing about moly is the fact that moly, as a commodity, is not traded as a commodity on any of the publicly traded commodity exchanges. The important point to this is the fact that moly then has to trade on the basis of pure supply and demand. Pure supply and demand eliminates all the games and manipulation that is created by speculators, hedge funds and those who attempt to manipulate markets to their advantage.

Moly prices are now rising because the end users can wait no longer for the price to fall. The end users must buy to replenish inventories that do not exist and this, coupled with thin supplies, is the real reason why the price of moly is now rising. It has nothing to do with roasters or any other garbage that certain people and companies want you to believe. These naysayers have their own best interest at heart and they may be the ones who truly know what is going on behind the scene and doing everything they can to keep moly a big secret while they take full advantage to position themselves for the future.


Ken Reser just posted a magnificent article called THE BIG SECRET! I love this guy as I have learned so much from him in the short time that I have had the privilege of knowing and working with him. Ken is one of these guys who spends an incredible amount of time in the pursuit of knowledge and the truth. Ken is the first individual; I know of, to post an article revealing the importance that moly plays in the development of this new technology that literally is the SAVIOR OF THE WORLD!

Now that the truth is coming out; all these people, who have felt that moly prices would pull back, now have a perfectly good reason to alter their opinions! I believe we will read lots of articles, in the near future, from analysts and newsletter writers who have flip-flopped with their opinion on the future direction in the price of moly. Even Jim Cramer on romper room or excuse me I mean CNBC was talking about the positive future of the base metals and moly as one base metal in particular. In other words the rest of the investing world is beginning to stand up and take notice.

LOOK OUT WORLD BECAUSE HERE COMES MOLY AND THE MOLY STOCKS! I feel that moly, as a sector will outperform and give returns better than the oil and uranium sectors. After all why mess with uranium and the consequences of the liabilities and cleaning the messes it leaves behind when you can burn pollution-free coal and stranded natural gas FOR A LOT LESS THAN IT COSTS TODAY TO FILL OUR CARS AND HEAT OUR HOMES.

With the vast quantities of coal and stranded natural gas that exists in the world today the US and the rest of the world can become completely independent in the development and supplies OF THEIR OWN NATURAL RESOURCES FOR CENTURIES TO COME. Wouldnt this be an absolutely wonderful feeling and position to be in for the rest of our lives and the lives of generations to come? Wouldnt it be great to leave our children and grandchildren something to be proud of? Isnt it about time for the people of the world to stand up and demand that attention and vast amounts of capital be spent on the development of this absolutely necessary and timely power and technology!

For those of you who believe that a recession or depression is eminent, after the hyperinflation, and the resulting slowdown will change the demand for moly; I ask you to think about this. What will the government do when the economy comes to a standstill?

I believe that our government will do exactly what they did in the depression of the 30s; except this time the money will be spent to completely realign our energy industry. I believe they will create vast quantities of jobs that will put the people back to work. I also believe these jobs will be of the same nature that existed in the 30s when The Hoover Dam was built. I believe power plants across the country will be built and these power plants will run on coal and stranded natural gas using vast quantities of moly as a catalyst to clean the impurities.

In other words I believe a slowdown in the US could create a greater demand for moly as a result of the money being spent in a manner that puts people back to work and at the same time solves our great countries energy and pollution needs with all the problems that go with it! This would take negative, short term, economic times and transfer that pain into long term growth and gain for future generations to come.

Yeah Im pumped and for the first time in a very long time Im very optimistic that we can now turn the corner and bring this country back to the status it once held. I believe this will be a very long and slow process but at least it is a start and I have absolutely no problem sharing that seat with developing countries like China. THERE IS LIGHT AT THE END OF THE TUNNEL! You know; Im beginning to feel good; I only hope our elected officials get the point real quick.

So Moly prices look like going back up again


Moly firming as US follows lead of Europe, Asia
American Metal Market, Sept 8, 2005 by David Brooks

PITTSBURGH -- Molybdenum prices in the United States are coming under upward pressure as the market follows trends set in Asia and Europe.

North American market participants reported ferromolybdenum sales in a range of $36 to $36.50 per pound, with molybdenum oxide $2 to $4 lower.

"Moly is running (up). We sold at $36 with a bit at $37, and oxide at $34," one trader said. "The market is relatively tight right now. When merchants get material in from China, they dump it pretty quickly because one shipment takes up all their credit lines. The market gets sloppy and prices drop. When that gets sucked up, the bigger players get control again. And that's what's happening now."

A producer agreed that prices are in the $36- to $37-per-pound range, having sold a truckload at $36 per pound and smaller quantities at $37. He said that he'd offered to sell a truckload at $37 per pound but had been told by the customer that another supplier was quoting $36. "We decided not to match that because we think prices could be going up further," the producer said.

That belief stems mainly from the surge in molybdenum prices overseas.

Looking forward to a good week here :)

Erik the Red

Lemming Investor have just released a note on IMY suggesting they are undervalued

Erik the Red

Significantly undervalued, check out the latest IMY research note here

http://www.lemminginvestor.com

Eric the Red