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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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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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Message: INDUSTRY BULLETIN - Molybdenum prices expected to rise 10% this year

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Nifty50

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Re: INDUSTRY BULLETIN - Molybdenum prices expected to rise 10% this year

in response to INDUSTRY BULLETIN - Molybdenum prices expected to rise 10% this year by AGORACOM

posted on Sep 16, 08 05:56AM

They are right, it looks like molybdenum is really well supported at these levels. Although the concentrate price has risen about 500 percent it is supported by strong fundamentals. Someone on this board was talking about volatility due to a new trading product. Well yes the hedge funds may come in but I'm sure this current market turmoil is a wake up call for all.

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