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.
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.
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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