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Strategies & Market Trends : Ride the Tiger with CD

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To: Land Shark who wrote (24801)1/17/2005 10:29:20 AM
From: hank2010  Read Replies (1) of 313672
 
AUA is a good one, but not my favorite moly play, yields, but compare that "low grade" of .067 (1.34 lbs/ton) to Kennecott's Bingham Canyon operation which has been operating for slightly less than 100 years at about 0.4% copper = 8 lbs per ton = about $11.20 per ton at $1.40 copper. Or compare to MRI operation here in Montana which mines 0.035% Mo equiv. The porphyry moly deposits are very large and very uniform leading to tremendous economies of scale.

For high grade uranium in Athabaska sandstones and some of their unique problems see my post #14205 on this forum.
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