Interesting comment on Zamia Gold Mines' Mo mine in Queensland...

Interesting comment on Zamia Gold Mines' Mo mine in Queensland from 'Mining News':

'There are few substitutes for molybdenum in its major use as an alloying metal in stainless steel and construction steel. A full recovery in production of these steels is expected during 2010, which should result in a firming of the molybdenum price.

Some analysts see demand increasing due to recovering economic activity and new uses for the metal, while supply should be constrained by delayed development of new mines due to the financial crisis. They expect global demand for the metal to rise to 600 million pounds by 2015 from about 460Mlb this year'.

Lets hope STZ can get the Polish mine moving. TFP