[Ferro-Alloys.com]Chinese FeMo price steadied, and the deals were adequate. Producers boosted their confidences in the domestic moly market, and rejected to drop offers, so steel mills were forced to raise tender price.

Its York project is a quality project led by 'quality' management, reckons the broker, which says the shares have significant upside on a 12 month view if it can deliver permitting and initial funding to its expected time frame.