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Re: Radhiker post# 20

Sunday, 03/13/2011 2:32:50 PM

Sunday, March 13, 2011 2:32:50 PM

Post# of 27
'Radhiker'..Not Sure... but this mine is 90% completed..The last year of re-structuring was due to the collapse of spot prices to as low as 6.00 per pound ...But that was when their was a "Supposed glut" (Hedge Funds in metals???) of Moly but since China and its needy REM deals we may know have found a stable market for moly at @ 16-18.00 per pound..Note China's new moly position http://www.infomine.com/commodities/articles/roundup.2011.exploration---64-7710.aspx Now take into consideration that the last AUA declared price to costs to unearth Moly at Ruby Creek were @7.60 per pound ..and combine that with increase in Copper that that is also found there and things look like a go!..What we need to see and hear now is Updated current fiscal issues of liablility ..cash on hand and potential long term contracts ...IMO...SC

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