Why drill if the metal price is too low. Historically, the price of moly took off in 2003. Prior to that it was not cost effcient to mess with the stuff unless you had a world class deposit such as Adanac's Ruby Creek or Thompson/Blue Pearl . Funds and Institutional investors trust their $ in the big plays. Fortunately, Reaugh had the forsight to stake claims in the base metals. True, these metals are not as sexy as the precious metals, however, they are essential. Perhaps one day they will get the attention they deserve if we actually have a wealth of deposit.
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Larry Reaugh provides outlook on recent acquisition of 400K acre coal property
