In the jr speculative mining arena where TRADERS strive for instant gratification and spectacular results/updates, this NR will not hit their radar nor BUY button, in my opinion.

For INVESTORS who understand the supply/demand dynamics of molybdenum and the special situation CHU is in (for all the reasons already mentioned here numerous times) this NR confirms a big deposit that is being proven up. The best part, no doubt, is the 3D model that suggests the possibility of TWO more large moly pits on the property.

The jr miners are in a bear market. Volumes are down. SP are down. It's sell-in-May mentality on top of this. In my opinion, this NR was solid, but not $exy or exciting and did not offer anything that I did not already suspect. Therefore, I will be content if the SP remains supportive at or around $1.10 area for now. Future NRs about net present value and/or drilling on the anomalies are what I look forward to next. Any surprise possibilities of JVs or partnerships are a wildcard.

All in my opinion.