Jean-Francois TardifBlue Pearl Mining Ltd., has changed ticker to TCM-TBLE.TOWEAK BUYApr 19, 2006
Had a deposit of molybdenum of a very good grade. The price of the metal has gone up a lot which is why the stock has done so well. The risk is that the price of the metal could go down. High risk.
Everybody likes molybdenum all of a sudden. Would love to get into the stock if he could do so at a cheaper price, such as $12. He believes this opportunity will come.
Very hot right now and is in a hot sector. It wouldn't surprise him to see the stock down instead of up in one year. Has a huge debt load. Wouldn't surprise him if the price of molybdenum dropped back.
Molybdenum is a very volatile mental, so you have to be comfortable with that. Reviewing the resources and mining plan on all 3 projects. Announced a larger reserve on one. More news to come. Stock has done well, so it will take a breather. Fantastic long-term story.
Molybdenum is really up to the Chinese, as it looks like they'll be putting in an export tax. That will create a very tight supply. Outlook is quite good here.
Had a huge run-up last year and had a weak January with people taking profits. Operationally, there's nothing wrong. Have upped their forecasts for molybdenum production.
Molybdenum has held up. Very specialized. Could have made a lot of money if you had bought earlier. Easy money has been made. Would prefer gold/uranium upside from here.