Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

*** Moly related post (GXPM) ***

GPXM, looks like the next stop is at 30 cents.
==============================================================

What's up, Doc?

Besides GPXM, I mean.... <vbg>

Speaking of which, I just came across a new essay by pumper extraordinaire, Bob Moriarty, the dood behind 321Gold and felt you and the other 'fortunate' GXPM stockholders would enjoy reading an excerpt from his copy. I have taken the liberty of bolding a couple of parts I felt were germane to our position.

"My old favorite moly company is Adanac (AUA-T $.62 Canadian, ANCGF-OTCBB, 31.4 million shares outstanding, website). Adanac has an 18-month lead time over other major moly projects and I believe the moly story is a rush to the finish line, not the total amount of metal. (bd note: AUA 'may' be a producer by 2007)

I first wrote about Adanac last August after a trip to their Ruby Creek Moly Deposit. Moly was $14.50 a pound and AUA was $.54 a share. Today, after a 43-101 report showing over 400 million pounds of moly at Ruby Creek and a feasibility study in the works, moly is $38.50 a pound and the stock is $.62. We have a 165% increase in moly prices to accomplish a 12% increase in the price of the shares. I'd think over $10 billion dollars worth of moly in the ground would be worth more than a $20 million dollar market cap. When moly runs, as I believe it will, Adanac is going along for the ride.

I suspect the kicker which gets all the moly companies moving will be when a junior actually takes advantage of the giant rise in moly prices over the last 18 months. It looks to me as if the project which will provide the flame will be the Ashdown project of Golden Phoenix Minerals. (GPXM-OTCBB $.205, 140 million shares fully diluted, website).

GPXM has had some serious management problems over the past few years which drove the shares down to $.09 about two months ago. They seem to be under control with new management taking over and they have accomplished full funding for the project which contains rock with grades up to 7% moly or about $4000 per ton rock. Permitting and construction is taking place as I write with estimates of production starting as early as August. The company has an absurd number of shares outstanding but back of the envelope projections show a guesstimate of $30-$50 million dollars revenue for their 60% of the project yearly. The stock has easy 10-bagger potential and soon."

==============================================================

Moriarty continues to wax elequently on approximately twenty other miners/explorers including NovaGold (NG) and since NG is my overall top pick to click, I feel a plug for them is more than justified. <vbg>

"I'll finish with two of my all time loves. First NovaGold (NG-T $9.54, NG-Amex, 66 million shares outstanding, website). These guys have the best management team in the mid-tier juniors (soon to be seniors). The stock hit a low of $.13 in 2001 at the bottom before rocketing higher ever since on the back of a lot of good management decisions and hard work. They have a whole shed filled with major projects and are currently focused on the Galore Creek copper/gold deposit in Northern BC with a resource of 13.75 million ounces of gold and 12 billion pounds of copper on top of their Donlin Creek JV with Placer Dome with a resource of a booming 25.4 million ounces of gold.

If you wanted to make 3-4 trades a year and retire rich, you could do it by starting with a chunk of NG and doing nothing more than buying the lows and selling the highs each year. The stock has a wonderful pattern and has been one of the best stocks to own in Canada for years."

http://www.321gold.com/editorials/moriarty/moriarty060405.html