announcement out grades pathetic, page-20

Check out the 2 independent molybdemum market studies that MOL carried out for their DFS

Page 7

http://www.asx.com.au/asx/statistics/getAnnPdf('/asx/statistics/showAnnouncementPDF.do?idsID=', '00762623', 'Announcement');return false;


If you are of the irrational approach that these guys don't know what their talking about and that molly prices will be > US $30 pound after 5-10 years then why not keep holding KMN.

Yes you can argue that there are other resources at Kalman but the molly conytibutes easily to the greatest value!

Let me refresh your memory to an article in resorcestocks March 2007 (Let me remind you also that KMN paid to have this article produced)

Dudley is quoted as saying in the article which is in direct realation to Kalman,

"The value for us appears to be in the moly-copper concentrates, which is easy to produce, particularly at these grades"

"we are almost certainly going to be a huge producer of moly at a world class level"

Well thats good Dudley its a pitty that you won't be capitalising on the bullish molly prices anytime soon