Benj Gallander
Blue Pearl Mining Ltd., has changed ticker to TCM-T
BLE-T
DON'T BUY
Apr 19, 2007
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 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.
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.
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.
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