Is moly on brink of being mining megastar?

Written by Globe & Mail

Tuesday, 06 March 2007

"Resource guru Eric Sprott is preparing an initial public offering for the Sprott Molybdenum Participation Corp., which will buy and sell actual molybdenum and invest in companies that explore for, mine and process the silvery white material used in furnaces, pipelines and aircraft engine parts. The offering of shares, which will trade on the Toronto Stock Exchange, will attempt to raise roughly $75-million, according to sources, and comes as the mining world turns its attention to Toronto for the 75th annual Prospectors and Developers Association of Canada (PDAC) conference." More: http://www.globeinvestor.com/servlet/story/RTGAM.20070304.wmoly0204/GIStory/

 

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