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Message: Re: Hold and Prosper

May 20, 2008 12:21PM
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May 20, 2008 01:02PM

God help those that lost their lives, homes, and businesses in China. Over 700,000 buildings have been totally destroyed and over 5 million damaged. No reporting yet on the damage sustained to critical infrastructure such as bridges, dams, pipelines, or reactors, but please post if you can find out.

Perhaps China's demand for steel (MOLY) will increase beyond just their normal consumption levels for this massive re-build. Traditional forward thinking should get Chinese speculators looking towards securing a large Moly deposit soon. Best would be a large, indicated to measured deposit, legitimized by a NI 43-101 Report, and was easy to open pit mine ASAP.

You all know I am referring to the Chu deposit owned by TTM Resources. I suggest that we begin talking about what appropriate discount should be considered on a Chinese bid to buy this company due to this tragic event.

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