In situ technology is advancing at a much greater pace with the advent on the green movement. The benefits of leaving surface land undisturbed and instant capture and containment of combustion gasses is obvious. The implications for us is that over time, our 80 million pounds o molybdenum will become more and more valuable. Both for use in alloys and as catalysts. High grade steel is needed in all industrial machinery. The use as a catalyst is less familiar to me and I was first introduced to the concept at the Edmonton B&B by Rinky. A very special thanks to Rinky for sharing his knowledge in this field with the board.

As far as I know, catalysts are not consumed by but rather aid in chemical reactions. So small amounts go a long ways. But still, like catalytic converters in cars, when there is demand for millions, even small amounts add up. If the technology for converting in situ coal into clean fuel continues to advance, there will come a point at which the employment of such methods will effectively become mandatory. Where molybdenum forms a component in the process, demand will skyrocket.

Coal is still the most abundant fuel we have. And as we move to use more electricity, much of it produced by burning coal, demand will grow exponentially. While it may not be a short term thing for the Carmi / Beaverdell properties, their value will continue to appreciate.