Molybdenum demand is expected to continue to grow 4% per year

And moly prices are up about ten times, from below $3/lb., to $24/lb. This is a huge profit opportunity for GMO.A, Idaho General Mines, Inc. - Home Page , 2006
which can produce moly at $3.15/lb. after they get permitted, and finance mine construction.

Needs to raise $416 million capital to build the mine
Grade: .11%-.09% moly/tonne, starting with .11% for first 5 years.
Production Cost per pound = $3.15/lb.
Market price = $25/lb
Ore Reserves: 1.3 billion pounds moly.
Expected Annual production: 35 million pounds moly, for first 5 years.
(53 year mine life!)

Those who wish to trade GMO.A may wish to keep the following in mind:

Target price for GMO.A once in full production:

I'll assume GMO.A raises $500 million at $10/share to finance the mine, adding 50 million shares.
Assuming 110 million shares by then.
If moly prices stay at $25.00/lb. - cost of $3.15/lb = $21.85/lb profit.
35 million pounds of production x $21.85 = $764 million annual profit
At a P/E of 10, this implies a market cap of $7.6 billion / 110 million shares = $69/share.
Target price = $69/share.
Today GMO.A is $2.0/share.