nicht mehr raus aus der presse. ;) eben druckfrisch rein.
Globe says Blue Pearl rides the moly-mania wave
2007-04-10 08:23 ET - In the News
The Globe and Mail reports in its Tuesday edition not long ago, you could buy molybdenum for a couple of bucks (U.S.) a pound. The Globe's Fabrice Taylor writes it now costs $30 (U.S.). Moly's volatility can be heart-stopping. Demand is going up briskly and, yes, the developing world is largely responsible. Other shiny, bullish thoughts: Moly is a way to play the growth in the energy trade. Nuclear reactors and nuclear waste storage sites can use lots of molybdenum. And there are roughly 100,000 kilometres of new pipelines contemplated around the world over the next couple of decades. It is very hard to build a mine, which is good because if all the proposed moly mines went into production, the price would collapse. A safer way to invest is in a producer. One is Blue Pearl, a former junior that last year bought a well-established primary miner. Despite a rocket-like ascent, the shares trade at roughly 10 times consensus earnings estimates. The company took on a lot of debt to finance its acquisition, but at current prices it will have paid it off in three or four years. A final word of caution: Blue Pearl stock plunged 25 per cent in the first five weeks of the year for no particular reason. |
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