Ashdown Update
November 8, 2007
Moly shipment #14 was sold this week, and the mill is several sacks into shipment #15. Ron Johnson, an experienced metallurgist, has joined the staff to assist the expansion of production at the mill. Terry Perkins, the metallurgical QP (qualified person) for the 43-101 feasibility study team, made a 2-day visit to the mill and will be reporting on methodologies to continue to increase output.
Archaeological review of the secondary escapeway portal area has resulted in the granting of permission to proceed with the excavation of the escapeway from the surface. Crews will proceed following the completion of the necessary survey work. The new portal is faced up and ready to begin advance.
The Sylvia stopes, drift and scram are being prepared for production, including advancing #2 raise, installing slushers and tuggers. Ongoing rehab and utility work in the old and new Sylvia drift areas includes timber, bolts and shotcrete as needed. Ore continues to be mined in the Sylvia #2 raise, Sylvia stope and drift advance.
The price of moly oxide continues to firm up, at or around $33.00 per pound, with demand remaining strong domestically and overseas.
It would APPEAR we produced two lots of moly in Oct 07.....
ASSUMING Lots 13 & 14 are from the month of Oct and Lots 12 & 11 are Sep
"....if Ashdown can produce one shipment per month, it covers the majority of its costs. If it can produce two shipments per month, it makes a profit. If it can make three shipments, its profits can be very good. And if it can eventually make four shipments per month, profits will be outstanding."
Jay Taylor Sep 07 |
