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Strategies & Market Trends : Ride the Tiger with CD
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To: Proud Deplorable who wrote (24796)1/17/2005 7:01:37 AM
From: Land Shark  Read Replies (3) of 313662
 
Thing that gets me about AUA, is their ore assays show such low grade Moly. Now this may be common for Moly Ores, but how does the economics of recovering 2 lbs/tonne ($70/tonne @ 0.10% Mo) of Moly @ $35/lb compare with say a high grade Athebaska U308 ore bearing body @ 20% U3O8 ($8000/tonne)? And there's going to be the permitting/environmental problems with starting a mine in Northern BC. I dunno if it'll get to $7. Convince me otherwise.
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