 Message
from Bob MOLYarty
Bob Moriarty
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December 13, 2004
 I am in Vancouver today. It's warmer here this
morning than in Miami.
I came up to visit the nice folks at Roca Mines to see
their MAX
Moly deposit in BC. The timing couldn't be better as moly hit
$32 (yes, thirty two dollars) a pound late last week. I have
made mention of Adanac several times regarding their 500
million pound Ruby
Creek Moly deposit.
The increase in moly prices
is going to last far longer than anyone now imagines. No one
has opened a primary moly mine in the last 28 years. Moly production
as a by-product of copper production is actually going down,
so the future for the few primary moly deposits is bright.
I will be writing about my
visit to the MAX property upon my return to Miami next weekend,
but it would be a good idea for all junior mining investors to
consider the few moly alternatives today.
The MAX property has a 1 million
pound high grade (.94%) core containing $600 million dollars
worth of metal at today's prices. Adanac's 500 million pound
Atlin property has increased the metal value by $3 billion dollars
in the last two weeks.
One day soon, someone who wants
a moly deposit is going to pick up the phone and start talking
turkey with either or both of these companies. Today's price
will seem very cheap.
Roca Mines: website
Adanac Moly Corp: website
December 13, 2004
Bob Moriarty
President: 321gold Inc
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321gold Inc
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