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Message: MLY Sprott Moly Part.
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MLY Sprott Moly Part.

posted on Sep 08, 08 05:22PM

This fund started about 18 months ago. Sprott's reputation helped raise the $5 initial value to over $6 in short order.

With the markets being as they are, the Participation Fund has lost half of its high value, since. Molybdenum remains at a good price, which surprises me to see this low share price.

At $3 to $3.30, imo, it looks like a good investment. If in at a higher level, a good time to average down. Molybdenum remains at a fairly constant rate of $34 US/lb.

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