It's valued at $800M and projected to cut into our market for moly. We don't need that.

Kitsault Molybdenum Deposit* - July 16, 2008

The 7 cent price is nuts but this is where we are at everywhere. It's funny that no one wants to lay the blame at the feet of the exchanges where it rightly belongs. The one other factor creeping in is the greenback erosion. Americans are beginning to see that the FEd is nothing more than a Ponzi scheme and the further China erodes that petro dollar the more dangerous it become to hold that currency. This is why China is spending them like a drunken sailor.