Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: siempre33 who wrote (35416)	3/9/2007 12:43:18 AM
From: Anchan	Read Replies (2) of 78419

Re: MOL.TO & MOL.AX -- siempre33, thanks for bringing this to our attention. 23% up in Australia, today? Probably due to their feasibility study coming out soon. I know nothing about the economics of moly/copper mining and thus am stupidly amazed that Moly Mining's website shows the following resource numbers: 187 Mt @ 0.07% Mo and 0.10% Cu Measured 282 Mt @ 0.05% Mo and 0.08% Cu Indicated 31 Mt @ 0.05% Mo and 0.07% Cu Inferred 0.07% Mo and 0.10% Cu? How on earth... Would any of the geologist members of the board kindly enlighten me whether such low grades might make economic sense?

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