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Strategies & Market Trends : Ride the Tiger with CD
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To: Claude Cormier who wrote (26481)3/5/2005 11:28:55 PM
From: hank2010  Read Replies (2) of 312379
 
U consumption has outstripped supply for some time. Longterm, I think uranium prices will rise. I have not been doing my homework however. did notice someone going back into the Elliot Lake area. I think that is a non-starter.

For Moly $35 has come and gone. For many of the large tonnage low grade deposits, $10 moly makes a very profitable operation. Compare to Montana Resources Inc. (MRI) which re-opened (had to close in the power crunch a few years back) in October of 2003. 53,000 TPD of 0.24% copper and 0.023% Mo. when moly was about $4.00. That is gross of $1.84 for moly credit and $4.80 for copper credit (at $1 per lb), total $6.64. They had the advantage of not having to permit and finance a new operation.

0.06% moly is $12 gross per ton at $10 moly. compare to $400 gold = .03 oz/ton. You can not heap leach moly, of course so the capital cost and operating costs are higher for moly. But when you get up to that 50,000 TPD range, milling oper. costs shrink to well below $3 per ton.
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