Message from Bob MOLYarty
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.