Mph Moly News
posted on
Dec 06, 2007 02:53AM
Edit this title from the Fast Facts Section
I understand we have 3 holes completed and are continuing with more drilling. First hole approx 500 ft --second approx 600 ft -- and third 800 ft.-- As all previous old drill testing that was done by others was only to approx 300 ft depth, than I conclude that this deeper drilling could increase size of moly tonnage estimates significantly larger.
The is NO question that moly is here. If this testing, results in Moly percentages that are stonger than old previous numbers, then I suggest we can sit back and see stock prices much higher than present.
With somewere around only 25 million shares on market and prices that have firmed upward from the October lows, I conclude that demand will soon pick up and share prices could significantly increase.
Pinetree and Insiders buying as well is another good sign.