| Early Stages of the "REAL" Molymania |
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| Written by Ken Reser | |
| Thursday, 22 March 2007 | |
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It's not often that I would make any future Mo price projections outside of an editorial piece on Moly, but today I must as I don't have time for a lengthy editorial at present. After conversations today with one who is far more connected than I could ever hope to be w/ regards to Moly (& Uranium) players and worldwide demands going forward, I found my own past and present optimism on Moly prices being soundly confirmed. In a nutshell we are in the latest & still early stages of the "REAL" Molymania. (last years (2) were just the opening salvo). I'm hearing we will see $50.00 Moly in /07 and the mania will equal what we have seen (and will see more of) in the Uranium sector. Apparently from another source also today, I hear that already some end users are trying to outbid for Moly production from a couple of Jr miners who have entered into off-take agreements (abeit too early price wise) by offering higher prices. These are all things that I have expected would happen and written about in past. If you love Moly plays hang in there for the longer haul, buy a near-term producer with a BFS in hand and enjoy the ride on the Moly express. I do believe in the next 8 months many Moly nay-sayers are going to be very sorry they didn't pay more attention to just how much more world Moly demand there is & will be compared to production over the next few years....Ken Reser. Office Ph: 403-844-2914 Molybdenum News Only Website: http://finance.groups.yahoo.com/group/MOLYBDENUM_NEWS_Forum/
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