Anybody reading about Moly will understand that much of the demand will come from larger gas pipeline projects and the rebuilding of much of our old pipelines that are having problems. High Moly content is required for the steel used to make the pipes.

The recent agreement by the governments of Russia, Turkmenistan and Kazakhstan for the construction of a new pipeline from Turkmenistan to Russia via Kazakhstan is one of the largest of such projects that was on the books.

This is a huge pipeline project with a projected cost in the billions and bodes well for future world Moly demand.

I beleive this to only be a start to some major pipeline project announcements that I have been watching.