Molybdenum demand from steelmakers is set to decrease in the fourth quarter, due to imminent production cut backs by domestic steelmakers following sliding steel product prices over the past few months. In such a scenario, wither moly?
Torch River Resources has an advanced molybdenum property, Red Bird, which has a recently updated NI 43-101 compliant resource of 118.6 million pounds of molybdenum indicated, and 76.9 million pounds of molybdenum inferred, incorporating drilling in 2007.
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