Fantastic article! It's about time that members of the media woke up and smelled the moly!
Take a look at their last few drill programs. With a resource estimate on the way, you can be sure that it'll be extremly interesting. Here's an excert from the article which is really the baseline grail purpose for my investment here.
• Strong demand fundamentals. The growing production of construction steel (32% of end use) and stainless steel (31% of end use) has driven molybdenum demand for its lightweight, high-strength and anti-corrosive properties. Demand for molybdenum-bearing construction steel (0.1%-1.2% Mo) continues to grow, fuelled by the oil and gas, ship building, aerospace and building industries. Stainless steel (1%-7% Mo) production has grown at a compound rate of 8% over the past five years and shows no signs of slowing down.
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Eugene Beukman Discusses 2008 Phase II Drilling and upcoming NI 43-101 Compliant Resource Estimate
