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Torch River Resources has a 25% interest in an advanced molybdenum property, Red Bird. Reserves have been classified by Giroux Consultants Ltd as 88.21 million tonnes indicated and 63.39 million tonnes inferred.
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Message: INDUSTRY BULLETIN – Is It Finally Time to Buy Moly?

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INDUSTRY BULLETIN – Is It Finally Time to Buy Moly?

posted on Aug 28, 08 10:08AM


Dear shareholders,

In an effort to keep you up to date on all pertinent information regarding the resource sector, please see the attached article titled, “Is It Finally Time to Buy Moly?”

Moly: A Back Door Energy Play

On top of that, the moly boom shows no signs of slowing down. Moly is used in steel production and is a key ingredient in making steel for oil and natural gas transporting pipelines. According to the Oil & Gas Journal, there are currently more than 57,000 miles of pipelines slated for construction around the world. It takes 2,500 pounds of moly to make one mile of pipeline. So that’s $4.7 billion dollars worth of moly need just for pipes, which only account for about 8% of the total global moly market.

Please click here to read the article in its entirety.

Regards,

AGORACOM Investor Relations



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