David BurrowsBlue Pearl Mining Ltd., has changed ticker to TCM-TBLE.TOBUYJan 08, 2007
A little cautious on the resource stocks. This one is very interesting and has been a strong performer. Keep in mind that if buying dries up, these things can go down very quickly. The mid caps in this sector could be acquisition targets.
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.