I agree with all of you that Creston could sustain the property and prove up more molybdenum and copper for a year or two, but we have two critical factors here; time and money.
There is a window of opportunity to get this project going during this booming molybdenum cycle while moly is going up as opposed to going down- (sometime in the next 4 years) and the difficulty of financing and the dilution that will come with it.
It would be nice to see the project through on our own, but in todays climate, I think the risks are too great for a company that is not well capitalized. I think a buyout by a junior mining company would be our best option and this money or shares could be put into the aquirer if so desired to still benefit from the Creston Property.
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Jonathan George gives company update and discusses supply demand dynamics of the moly market.
