Current moly prices are around 16-17 bucks, but with infrastructure accelerating in China again, it could very well get back to double this by next spring. I see where Vale plans to ramp up production to meet the demand, also they have cash sitting there. You also have xstrata and Arcelormattal, to name a couple. It may be also to be interesting to note, that I am seeing some big steel guys, like Cliff,s , buying/financing some gold projects. I guess there is so much cash laying around because of the recent rally in most metal prices , they dont know where to spend it all.