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Gold/Mining/Energy : The Molybdenum Discussion Board

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To: WalterWhite who wrote (3134)	3/4/2008 7:34:06 PM
From: hubris33	Read Replies (2) of 3267

Thanks for the update. Did they say they were producing 5,000 to 6,000 pounds of moly a day? That would be great news! Sounds like a tripling of the operations! I did some quick calculations: 100 - tpd 1% Mo - head grade 92% - Recovery 0.92 tonnes per day = 2,028 pounds per day 2,028 #/day is $66,913/day if they get spot price ($33/#). Of course that works out to $6 Million per quarter. Bumping these numbers to 3 times that is phenomenal! H3

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