Re: Mo pricing Drop
in response to
by
posted on
Nov 20, 2008 01:14PM
Torch River Resources has a 25% interest in an advanced molybdenum property, Red Bird. Reserves have been classified by Giroux Consultants Ltd as 88.21 million tonnes indicated and 63.39 million tonnes inferred.
I am not sure if this correct, but has anyone heard what the price of moly has dropped to? $12 or $4. In any event, anyone who can buy TCR at .025 should be very well rewarded going into 2009. Let's hope we all survive until then.
BCG