he exercise of convertible securities, Pinetree could own between 11.8 and 12.2 percent of United Bolero. This element met one of our key coverage criteria: institutional support. The criteria, found below, may also serve our readers by providing a more advanced methodology when researching molybdenum development companies.

Coverage Criteria

1) Previous exploration summary. Both Amax and Gulf Minerals previously explored the Bald Butte molybdenum property, located about 28 miles northwest of Montana’s capital, Helena, and 6200 feet above sea level. The 350-acre property, comprised of 22 patent

To say that the China Moly IPO was over-subscribed in Hong Kong could be a gross understatement. New interest in molybdenum stocks, especially near-term moly producers, has jumped since the beginning of 2007. There are a good number of North American ‘potential’ molybdenum producers which could attract your eye.

Because of the new wave of primary molybdenum ‘near-term producers’ knocking on investors’ doors, we though it would be a great idea to help the wiser identify the winners and avoid the losers.

What we had in mind was finding a new molybdenum company for our readers. But first, the company’s property was required to meet our basic criteria: (a) advanced exploration work previously done in the previous bullish cycle, (b) good drilling results and previous progress toward production made before the moly price fell during the last cycle, (c) being developed by a proven technical team, and (d) current progress being made to move the project forward.

Other key elements included provident metallurgical samples, accommodative infrastructure and an absence of environmental complexities. We also wanted a company whose star was rising and in the good graces of an institution, presumably one which owned 10 percent or more of the company’s shares.

Having previously mentioned United Bolero’s Bald Butte molybdenum project, we believed this company merited a deeper review.

In late April, Dow Jones newswire reporter Brian Truscott featured United Bolero’s molybdenum properties in an article entitled, “United Bolero’s Molybdenum Gambit.” We liked what we read and phoned the company’s chief executive Bruce Duncan to inquire about the company’s ongoing plans.

United Bolero fell out of favor a year ago during a transition phase. Since then, it has successfully rebounded. The company’s shares have strongly held up while many other molybdenum juniors have slid off their highs.

This may have something to do with an announcement made by Pinetree Capital on May 14th. Pinetree is one of the favored few companies, repeatedly endorsed by uranium guru James Dines. Pinetree has made some very astute investments in uranium and other sectors. The publicly traded company, which Mr. Dines often refers to as a ‘closed-end’ mutual fund, announced it had acquired nearly 7 million shares of United Bolero.

As of April 16th, United Bolero had nearly 66 million shares outstanding. Depending on the exercise of convertible securities, Pinetree could own between 11.8 and 12.2 percent of United Bolero. This element met one of our key coverage criteria: institutional support. The criteria, found below, may also serve our readers by providing a more advanced methodology when researching molybdenum development companies.

Coverage Criteria

1) Previous exploration summary. Both Amax and Gulf Minerals previously explored the Bald Butte molybdenum property, located about 28 miles northwest of Montana’s capital, Helena, and 6200 feet above sea level. The 350-acre property, comprised of 22 patente

any’s property was required to meet our basic criteria: (a) advanced exploration work previously done in the previous bullish cycle, (b) good drilling results and previous progress toward production made before the moly price fell during the last cycle, (c) being developed by a proven technical team, and (d) current progress being made to move the project forward.

Other key elements included provident metallurgical samples, accommodative infrastructure and an absence of environmental complexities. We also wanted a company whose star was rising and in the good graces of an institution, presumably one which owned 10 percent or more of the company’s shares.

Having previously mentioned United Bolero’s Bald Butte molybdenum project, we believed this company merited a deeper review.

In late April, Dow Jones newswire reporter Brian Truscott featured United Bolero’s molybdenum properties in an article entitled, “United Bolero’s Molybdenum Gambit.” We liked what we read and phoned the company’s chief executive Bruce Duncan to inquire about the company’s ongoing plans.

United Bolero fell out of favor a year ago during a transition phase. Since then, it has successfully rebounded. The company’s shares have strongly held up while many other molybdenum juniors have slid off their highs.

This may have something to do with an announcement made by Pinetree Capital on May 14th. Pinetree is one of the favored few companies, repeatedly endorsed by uranium guru James Dines. Pinetree has made some very astute investments in uranium and other sectors. The publicly traded company, which Mr. Dines often refers to as a ‘closed-end’ mutual fund, announced it had acquired nearly 7 million shares of United Bolero.

As of April 16th, United Bolero had nearly 66 million shares outstanding. Depending on the exercise of convertible securities, Pinetree could own between 11.8 and 12.2 percent of United Bolero. This element met one of our key coverage criteria: institutional support. The criteria, found below, may also serve our readers by providing a more advanced methodology when researching molybdenum development companies.

Coverage Criteria

1) Previous exploration summary. Both Amax and Gulf Minerals previously explored the Bald Butte molybdenum property, located about 28 miles northwest of Montana’s capital, Helena, and 6200 feet above sea level. The 350-acre property, comprised of 22 patent

which owned 10 percent or more of the company’s shares.

Having previously mentioned United Bolero’s Bald Butte molybdenum project, we believed this company merited a deeper review.

In late April, Dow Jones newswire reporter Brian Truscott featured United Bolero’s molybdenum properties in an article entitled, “United Bolero’s Molybdenum Gambit.” We liked what we read and phoned the company’s chief executive Bruce Duncan to inquire about the company’s ongoing plans.

United Bolero fell out of favor a year ago during a transition phase. Since then, it has successfully rebounded. The company’s shares have strongly held up while many other molybdenum juniors have slid off their highs.

This may have something to do with an announcement made by Pinetree Capital on May 14th. Pinetree is one of the favored few companies, repeatedly endorsed by uranium guru James Dines. Pinetree has made some very astute investments in uranium and other sectors. The publicly traded company, which Mr. Dines often refers to as a ‘closed-end’ mutual fund, announced it had acquired nearly 7 million shares of United Bolero.

As of April 16th, United Bolero had nearly 66 million shares outstanding. Depending on the exercise of convertible securities, Pinetree could own between 11.8 and 12.2 percent of United Bolero. This element met one of our key coverage criteria: institutional support. The criteria, found below, may also serve our readers by providing a more advanced methodology when researching molybdenum development companies.

Coverage Criteria

1) Previous exploration summary. Both Amax and Gulf Minerals previously explored the Bald Butte molybdenum property, located about 28 miles northwest of Montana’s capital, Helena, and 6200 feet above sea level. The 350-acre property, comprised of 22 patent

shares have strongly held up while many other molybdenum juniors have slid off their highs.

This may have something to do with an announcement made by Pinetree Capital on May 14th. Pinetree is one of the favored few companies, repeatedly endorsed by uranium guru James Dines. Pinetree has made some very astute investments in uranium and other sectors. The publicly traded company, which Mr. Dines often refers to as a ‘closed-end’ mutual fund, announced it had acquired nearly 7 million shares of United Bolero.

As of April 16th, United Bolero had nearly 66 million shares outstanding. Depending on the exercise of convertible securities, Pinetree could own between 11.8 and 12.2 percent of United Bolero. This element met one of our key coverage criteria: institutional support. The criteria, found below, may also serve our readers by providing a more advanced methodology when researching molybdenum development companies.

Coverage Criteria

1) Previous exploration summary. Both Amax and Gulf Minerals previously explored the Bald Butte molybdenum property, located about 28 miles northwest of Montana’s capital, Helena, and 6200 feet above sea level. The 350-acre property, comprised of 22 patent

he exercise of convertible securities, Pinetree could own between 11.8 and 12.2 percent of United Bolero. This element met one of our key coverage criteria: institutional support. The criteria, found below, may also serve our readers by providing a more advanced methodology when researching molybdenum development companies.

Coverage Criteria

1) Previous exploration summary. Both Amax and Gulf Minerals previously explored the Bald Butte molybdenum property, located about 28 miles northwest of Montana’s capital, Helena, and 6200 feet above sea level. The 350-acre property, comprised of 22 patented claims, was well-explored by the above major companies. This included the basic geological surveys, trenching and sampling. But, the two majors also diamond drilled more than 54,000 feet and proceeded with extensive costing and feasibility studies.

Gulf Mineral Resources donated extensive files and reports about its previous work at Bald Butte to the Montana Bureau of Mines and Geology. United Bolero’s geological team has reviewed all of this data. A Gulf Minerals drilling program in the early 1980’s suggested the possibility of molybdenum mineralization grading higher than 0.1 percent. This could be the results United Bolero hopes for, during the present drilling program.

Bald Butte is a quartz vein stockwork hosted molybdenite deposit, about three miles southwest of an historic gold mining district. It is also located relatively close to Apollo Gold’s Montana Tunnels historic open pit gold and base metals mine, which restarted operations this past March.

Historically speaking, Bald Butte reportedly could host nearly 165 million pounds of moly equivalent. For now, the company publishes a National Instrument 43-101 inferred resource of 105 million tons graded at 0.071 percent molybdenum. The inferred resource was calculated using the commonly used polygonal method and demonstrated the potential of 250 million pounds MoS2, or 150 million pounds of molybdenum.

2) Current Exploration plans. This weekend, the company should commence a 16-hole drill program of 1000- to 1200-foot holes to test the deep mineral potential of the property. According to chief executive Bruce Duncan, this will be comprised of step-out and infill drilling. This is a follow up to an April 2006 exploration hole which yielded 14 feet of 0.611 percent MoS2, of which eight feet hit 0.686 percent MoS2.

Duncan told StockInterview, “The first hole will probably be about 100 to 150 feet from the exploration hole and then stepped out every 200 feet.” He added, “We are cautiously optimistic.” Duncan’s geologists hope to get a better idea of the geological model with the four- to six-week drilling program.

3) Environmental Progress. Sooner or later, environmental permitting is going to rear its unpleasant head in any North American mining project. In an April 2007 audio interview we conducted Adanac Molybdenum Corp’s executive chairman Larry Reaugh, he warned of difficulties a mining company can have if you don’