$2.26 -0.05 (-2.16%)
12/3/2009 4:00 PM

General Moly (GMO)

CAPS Rating: 5 out of 5

The Company is in the business of the exploration, development and, if warranted, the mining of properties containing molybdenum, as well as silver, gold, base metals and other specialty metals.

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Member Avatar saschlos (< 20) Submitted: 11/30/2007 12:08:20 PM : Outperform Start Price: $10.19 GMO Score: -54.30

GMO announced on Nov 23, that they have aggrement with ArcelorMittal S.A., the world's largest steel producer. ArcelorMittal has invested $70 million into General Moly for the Mt Hope Project, which is estimated to be one of the world's largest molybdenum deposits. Moly is a key ingredient to steel. With environmental permitting under way, this stock can only go up as the project proceeds.

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