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Message: MLY Sprott Moly Part.

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gemoz

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Re: MLY Sprott Moly Part.

in response to Re: MLY Sprott Moly Part. by gemoz

posted on Nov 16, 08 06:43AM

More recently, MLY has gone under $1.00. Reasons: Molybdenum prices had held well when other commodities (like lead, zinc) had dropped considerably but recently, Moly prices are well under $20 and many of the Juniors that the fund holds are almost worthless, considering the acquired price. The NAV is still higher than the actual share price and even with recent drops, would remain so.

We may see further drop before any recuperation but $1.00, imo, does not seem to be too risky. Due diligence required as this is not a recommendation to buy,

GLTA

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Like Sprott Molybdenum Participation Corp? Then you might also be interested in McLaren Resources

McLaren Resources

Blue Quartz Property surrounded by numerous past and presently productive gold mines
Black Fox mine (Brigus Gold), the Hislop mine ( St Andrews Goldfields)
Recent Drill Results include 63m of 1.21 g\t gold and 2m of 13.95 g/t gold

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