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Gold/Mining/Energy : MOLYMANIA the race is on
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To: Condor who wrote (59)1/22/2005 7:01:50 PM
From: maxncompany  Read Replies (3) of 336
 
WEX.V......will likely be producing before any of the other moly juniors. Production in 2005, possibly beginning 1st half of 2005. Small deposit, but extremely rich moly grade. They JVed the property to operator GPXM. Of the 2, I prefer WEX.V as they will see stellar earnings (WEX.V has only 10.3 million shares Fully Diluted). Also much of the proeprty yet to be explored. On the other end of the spectrum look at the extremely high tonnage/decent ore grade of PBX.V They must drill to get to 43-101 standards. But historical resource estimates anywhere from 500 million tons to 1.3 billion tons. And they put the grade anywhere from 0.11% to 0.22%. At the low end (500 million + 0.11%) that would mean 1.1 billion pounds of moly. Speculative to be sure, but what if those numbers do get proven up?
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