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Gold/Mining/Energy : The Molybdenum Discussion Board

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To: alenor who wrote (2557)2/8/2007 1:08:20 PM
From: hank2010  Read Replies (1) of 3267
 
0.127% MoS2 = 2.54 lbs of MoS2, but only (2.54 x 60%) 1.52 lbs of Mo. Mo at $25 per lb makes your 1.52 lbs worth $38.10. If you get 85% recovery (88% in the mill and 97% in the roaster) you have $32.39 per ton. 40 million tons for an open pit op with .127% MoS2 or 0.076% Mo is not spectacular, but has possibilities. You use "could be" a couple of times. There are lots of deposits double and triple this size, already drilled off that are a long ways from production decisions because of permitting and financing hurdles. Location is important.
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