Adanac Comments rec'd from KR's Moly News Website this am.
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Having noticed recently that Blue Pearl (Endako upgrade news) & Leeward Capital (Kaiser Report) seem to be using a 0.02% Mo cut-off (c/o) grade in their estimates (the industry standard is and has always been 0.04% c/o) I am now recieving questions regarding Adanac Molybdenum's using of 0.04% Mo cut-off grade and what it would mean to Adanac "IF" they used a cut-off grade of 0.02% as opposed to the 0.04% c/o they currently use as a standard for future production.
In a nutshell if Adanac used a c/o (cut-off) grade of 0.02% Mo (as proven in recent 2007 Golder Associates, NI-43-101 report linked below) this is what the difference would mean for Measured, Indicated (M&I) and Inferred (Inf) totals of Molybdenum pounds in the ground.
At .04% c/o (cut-off) Adanac has a 2007 NI-43-101 total of 295,699,000 lbs (M&I) Mo, w/ an additional 29,730,000 lbs (Inf) Mo. At 0.02% Mo c/0 (cut-off) Adanac has a NI-43-101 total of 442,290,000 lbs Mo (M&I) w/ an additional 95,759,000 lbs (Inf).
At a standard of 0.02% Mo c/o (cut-off) recently used by Blue Pearl Endako & Leeward Capital, Adanac now would have a (NI-43-101 standard) grand total of 538,049,000 lbs (M&I + Inf) of in ground Molybdenum.
* At a c/o grade of 0.02% Mo & $25.00 p/lb Mo this represents an in ground, grand total valuation of $13,451,225,000.00
* At a c/o grade of o.o4% Mo & $25.00 p/lb Mo this represents an in ground grand total valuation of $8,135,725,000.00
*NOTE* Adanac Mineral Resource Estimate from Golder Associates Ltd.(“Golder”) prepared in accordance with the requirements described in National Instruments 43-101 “Standards of Disclosure for Mineral Project”.
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*As a consultant to Adanac Molybdenum Corp; I may be viewed as somewhat biased towards Adanac Molybdenum, but in this capacity and from over two years of very extensive Molybdenum Research & Editorials I am also paying alot closer attention than most to PROVEN realities in the Moly sector as opposed to all the new hype coming down the pike currently from old & new grassroots Moly plays. The massive influx of new Moly projects in early stages currently is staggering and I would impress upon longer term investors to do their own extensive due diligence from all angles....KR
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