Ralph, I wrote GPXM and they claim their NR is good and if so the purity is much higher than other deposits (ie 100x higher)
David
Email from GPXM:
David:
When you talk about purity, you actually mean the grade of the ore deposit. The ore deposit at Ashdown is hosted in a single quartz vein and all the moly that was available for depositing when it formed basically got put in one small place. Other companies that have moly ore deposits have a lot more moly, but the moly has been spread out over a very large volume of rock. When you look at a deposit of moly, you look at it by grade and tons to figure out if it will be economical to mine. A grade of 0.1% has 2 pounds of moly 1.0% has 20 pounds of moly and a grade of 10% has 200 pounds of moly and of course, a grade of 100% has 2000 pounds of moly per ton.
Your question about grade is good. What we stated in the press release is accurate. Ashdown is the highest grade moly deposit in the world. We believe we will make a lot of money off it once it is in production. The other deposits are very low grade and will not make a lot of money when and if they get into production.
Paul Knopick for Golden Phoenix
David Taylor wrote:
Paul,
Parhaps you can help me with something. I am afraid I am having a hard time understanding the purity at Ashdown. Is it really 100X better than AUA? 50X better than MOR.V? 30X better than NTO?
I own all but am quite curious. I'm not going to be negative here, because at this purity GPXM is on par with AUA, *BUT* in their NR, when they state 10%, isn't that overstating by 100X?
From the GPXM NR:
AD-04-05 10 feet 7.36% Includes 5' of 10.8% Mo
biz.yahoo.com
From the AUA website:
The historic pit study carried out by Placer resulted in an historic estimate of 151,971,000 tonnes grading .063% Mo (.105% MoS 2 )
adanacmoly.com
From the MOR website:
Crowrea Property (50/50 Joint Venture Goldrea) - Initial trenching in the Webbsite Dicscovery area identified substaintial widths of up to 100 feet in the .20% to .30% MoS2 range. Drilling identified the Webbsite as a discrete northeast trenching dyke zone with drill indicated reserves of some 500,000 tons having a grade of 0.329% MoS2 with limited potential beyond the possibility to double known reserves in this area.
molycor.com
NTO.V
0.032-0.037
northernorion.com
Not that this would make me a seller, but would like you to clarify the purity.
TIA
David
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