Certainly looks like all is well on the horizon in terms of COMMODITY PRICES.
COPPER up to a new 19 month high of US$7800 tonne IRON up to a new 19 month high. MOLYBDENUM also steadily climbing back to new highs of the last 15 months.
HAY ! Moly mines has all 3 did somebody say? HAY! HAY!
ALL bodes well for the start of production in October 2010 if not earlier. ONLY holdup from the distribution point is the LOADING Docks being constructed - Im sure the bankers, Hanlong and Moly Mines are all watching with BIG EYES as to the UTAH POINT- Port Headlang progress. Would be nice if Moly posted some picture on their site as to what is happening at the Port Headland location.
MOL Price at posting:
79.5¢ Sentiment: Buy Disclosure: Held