Dear Torch River Shareholders,
In an effort to keep you up to date on all pertinent Torch River information, please see the attached Industry Bulletin. The article emphasizes positive sentiment for molybdenum, in particular due to rising nickel
prices.
By Myra P. Saefong, MarketWatch
Apr 6, 2007
SAN FRANCISCO (MarketWatch) -- Nickel prices on the London Metal Exchange have climbed more than 200% in the past year and some of their success has been spilling over to molybdenum.
Why? Nickel and molybdenum are metals which enhance the corrosion resistance in stainless steel, so molybdenum can sometimes be used to subsidize nickel content.
http://www.marketwatch.com/news/story/nickel-rally-gives
-momemtum-molybdenum/story.aspx?guid=%7B50D96DAB-
7DE2-4E5A-9AC7-6374D7B50C80%7D
Regards,
AGORACOM Investor Relations