The Molybdenum Story and Tenajon Resources Snapshot: CTG ENG IXS MAI OPWV QUA SNO TCM TJS TTQ The following article is a must read if you don't want to miss the molybdenum train. http://www.sprott.com/pdf/moly-barrons.pdf The following company may be able to prove molybdenum resources in excess of 1 billion pds.(currently 679 million pounds of inferred molybdenum + 2 additional deposits with Burn Molybdenum and Moly Brook). With a current Market Cap of CAD 27 million and a chance to prove resources comparable to GMO which trades at a market cap which is 20 times higher than Tenajon, I consider TJS the most undervalued stock and the best investment opportunity I personally have known since I started investing in juniors. On March 8, 2007 I recommended TJS at 28 cts days before it shot up to $1.20 and after years where it traded in the 20 cts range http://www.stockhouse.com/bullboards/viewmessage.asp?no=14369379&t=0&all=0&StartDir=O&StartID=14371288&StartDateTime=2007-03-08 In April I came up with my Top Molybdenum Stock Picks http://www.stockhouse.com/...viewpost&blogID=749&postID=15731 Ironically, my #2 pick Quadra Mining increased by 300% since I recommended it, while GMO went up 400%, but my $3.50 target for TJS, which I still consider as fair value even based on the data in 2007 did not happen. TJS went twice to $1.20+, but eventually the share price was controlled ever since then in spite of the news confirming Mr. Sheldon Inwentash's personal investment in Tenajon resources. Mr. Inwentash is the founder, chairman, and CEO of Pinetree Capital and is known for his excellent stock picking instincts. Nevertheless, we are still waiting for the one signal which can move TJS' share price in spite of the concentrated efforts of the relevant institution (no names here..) which succeeded as well in driving retail investors away from Solex Resources, Candente resources and many others. The guys on the TJS board are as smart, experienced as one could be, and we are hanging in there until it happens. Could be the Ajax upgrade (679 million pounds of inferred to indicated), but could be as well German Investors who clearly recognize how tremendeously undervalued this stock is. There is the rumour about a German stock investment report coming out next Tuesday. 50 cts for TJS is comparable to paying 5 grand for the S-class from my perspective since molybdenum is in demand, in particular due to China's and India's needs. Finally China's rare metal restriction basically erased 40% of the existing molydbenum resources from the world market. Several other rare metals such as indium and rhenium are now trading at 4 figures due to similar supply/ demand inbalances, yet it seems forgotten that these metals were trading in 2 digit range only a short while ago. And surprise, suprise I had never seen any analyst reports giving us an indication beforehand. Not to blame anybody for not predicting the unexpected, but vice versa why should one believe in a $15 molybdenum price in 2011 in absence of any logical reasons. I expect molybdenum to exceptionally rise over the next few years and never return to the current price level. Do your research. Peace and Good luck JK http://www.tenajon.com/s/Home.asp Tenajon Resources Corp. is a mineral exploration company actively engaged in the acquisition, exploration and development of strategic mineral properties. Currently, the Company is focusing 100% of its efforts on advancing its Canadian molybdenum exploration projects -- Ajax, Moly Brook and Burn. In 2007, diamond drill programs were completed at the Ajax Molybdenum Project located near Alice Arm, B.C., the Burn Molybdenum Project located near Hazelton, B.C. and the Moly Brook Project located on the southern coast of Newfoundland.
In addition, Tenajon has two advanced exploration gold projects in its property portfolio, the Kansas Claim and Summit Lake. Joint venture partners Pinnacle Mines Ltd. and Mountain Boy Minerals Ltd. are successfully advancing Tenajon's Kansas Claim. http://www.tenajon.com/i/pdf/corporate-presentation.pdf |