Good for Adanac!

There were many people, some "in the know", who really had their doubts if Adanac would be able to secure financing to go even one step further.

It appears they may be wrong. Adanac still has a way to go but their one small step is still a step forward just the same.

IMHO and since this is the TTM board I guess that gives me the right to post these comments.
If you look at both properties, as well as share structure, TTM with a larger and higher grade deposit that is indeed increasing even as I am posting this, Adanac's announcment may be good news for TTM.

I believe financing the CHU will not be a problem anyway but if Adanac can get financing for their property then that even lessens the risks of TTM not getting financing for the development of the Chu property eventually into a mine.

This may be a sign of good things to come for all moly juniors!

There seems to be a real "peeing match" between most moly juniors and those who invest in them. Each company is indeed unique in its own way. There are some properties who boast of having a "geographic" edge on others by their close proximity to Endako. Others may be further but have higher grades. Some have real challenges when it comes to infastructure etc. And in the end permitting issues is the real deal killer.

One thing we/they all have in common is MOLY!

The other thing we all have in common is, MOLY IS NOT VERY SEXY!
Yeah we all have that characteristic, being the "ugly sister" next to gold, silver, nickel, platinum etc, (I do not want to go through the entire Element table.) but I think you get my drift.

Adanac is really an area play when you look at BC moly, if you call the centre of the moly universe, Endako. (Well at least it is for now).

Hey its press and it will draw attention to the other moly plays in BC.

Now lets go a step further and assume there will be a new mine at the "chu". Will that indeed hurt area companies such as, cbs,tjs,lwc, etc, not at all.

For anyone who is familiar with Noront, I am sure most are they have an unusual property relationship going on with their neighbors, infact they share a booth sometimes with SPQ.. Noront, and BMK, spq, and others have mentioned their neighbors in their press releases. And not in a negative way. They need each other and the success of one is the success of all. Since Noront had the big find it may be easy to assume that may be all ther is? It would make Noront ecstatic to have SPQ find an even bigger find than their own. Why would you want that being they are the competition and all???

The idea of a HUGE NICKEL, PMG, MINING CAMP.

Share costs such as infastructure etc. Plus that will indeed attract majors. Majors take out everyone, win win for all. Voisey bay for example.

Could a significant moly discovery in the interior of BC start something like the Mcfaulds in James bay with Noront and others. Why not!

Could TTM be the Noront of Moly? Time will tell. Perhaps Endako is right now?
But what I know right now if you look at "pacific cascade" v.pcv, (they are our neighbors to the north of us). Here is a quote from their latest press release April 15th.

Pacific Cascade's Brewster Claims are located 1.0 km north of TTM Resources Inc.'s Chu Claims which has recently reported an indicated resource of 235.3 million tonnes of 0.067% Mo and an inferred resource of 221.5 million tonnes of 0.063% Mo (TTM Press Release - January 28, 2008).

Thats how these camps get started.

Its time all BC moly companies banded together and promote BC MOLY for what it really is, a hotbed for moly.

If you see Eric Sprott standing on a street corner walking with his "sandwich board", at least give him a honk and a wave. As Eric is Moly. He has promoted moly more than all combined.

Now back to Noront, it closed today at $5.30 its 52 week low was .29 cents before they release hole # 5..
Would you of loved to pick up Noront @ $1.21? Subsequently that was the closing price for TTM today.

Moly will happen in BC in a big way. We all know the moly story there will be enough demand to go around .
Pick a good company. Hold and prosper.

LONG AND STRONG BC MOLY! (with a little lean towards TTM) lol.

BBOB