Hey there,

I emailed the company not long ago and was told they are still shopping around, but only if it makes sense. There are many scenarios possible but they will get more leverage when, and if, the price of molybdenum goes above $15. If you go to ttm's website and look at the Preliminary Economic Assessment, you will notice that the proposed mine(s) become economical above $15 a pound for molybdenum. Mind you, this estimate was based on operating costs that have dropped since then but will certainly increase again when the economy rebounds.

Possible deals:

- JV with another company who gives us $$$ to move forward in return for a % stake in TTM.

- JV with another company who has used equipment in return for a % stake in TTM.

- Buy out

If you want to track the prices of molybdenum and copper, use this link

http://www.infomine.com/investment/c...