SCR rising13 Apr 2006 15:30
Polly, I think that the rise in SCR share price has to do with the recent agreement they have brokered with the Chinese government over shared exploration rights with the Chinese national geological department in an area known to be immensely rich in copper and molybdenium.In addition, SCR will get state assistance ( surveying, mining equipment ,etc) in this joint venture! SCR also not far from becoming a productive mining company, and with copper mineralisation of 6% within the country consuming most of the world's copper and stainless steel (Molybdenum) at present, there is no saying what the price of SCR might be in 12 months from now,cf., CRC and CFM