And hardly anyone could pronounce molybdenum... |
Written by Business Edge | |
Thursday, 12 October 2006 | |
"The Penny Jackpot Blue Pearl Mining (TSX:BLE) $5.92 Up 596.5 per cent (year to date). Prior to this year, Blue Pearl Mining wasn't exactly a household name in the mining sector. And hardly anyone could pronounce molybdenum let alone explain what it is (a key component in high-end steel alloys and pipeline steel). But Blue Pearl and molybdenum recently became junior mining's hottest one-two punch when the Toronto-based company propelled itself into becoming one of the world's top five molybdenum producers by acquiring privately held Thompson Creek Metal Co. for $575 million. That deal gave Blue Pearl shares an instant 43-per-cent boost. Since January, the stock has recorded an eye-popping seven-fold increase." |
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