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    Strong Headwinds Near Moly

    Written by Melissa Pistilli
    |
    Dec. 11, 2009 06:36AM PST

        Thompson Creek Metals has had an upgrade and a downgrade. With eight analysts having cut their target, is it time to bail out of the stock? Publicly traded, pure molybdenum producer Thompson Creek Metals Company Inc (TCM-T) has decided to go against the grain. Instead of revamping existing equipment as originally envisioned, the …

     

     

    Thompson Creek Metals has had an upgrade and a downgrade. With eight analysts having cut their target, is it time to bail out of the stock?

    Publicly traded, pure molybdenum producer Thompson Creek Metals Company Inc (TCM-T) has decided to go against the grain. Instead of revamping existing
    equipment as originally envisioned, the firm has taken a decision to upgrade and expand the Endako molybdenum mine, west of Prince George. At a cost of $124.4 million.

    Read the rest of this article on Molybdenum Investing News.

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