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Gold/Mining/Energy : The Molybdenum Discussion Board

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To: PayShhhhence who wrote (3144)	3/7/2008 2:43:40 PM
From: hubris33	Read Replies (2) of 3267

er, my attention to detail is going to get me in trouble here....not trying to bash.... BASED on the data we HAVE (DERIVED from the beginning of the 4th quarter/end of the third which we know is now LOW) we WERE averaging 2160 lbs of elemental moly per LOT and 48,000 lbs of concentrates per lot. er.....I think perhaps a zero was dropped? Shouldn't that number be in the 20,000 pound range and not the 2,000 range.... 2,160# / 48,000 # = 4.5% Moly in the shipment or 4.5% of Moly in the concentrate....I thought the amount of Moly in each shipment was ~54% not 4.5%? I see you used 2,100 pounds of moly per super sack later in your analysis, which I agree. But I think it takes 12 super sacks to make a shipment, load or "lot." So perhaps the two units got mixed? Damn that decimal! (it moves on me frequently too!) 62 super sacks with an average of 2100 lbs of Mo. and 4000 lbs total weight. and (which we were told was 60 SSs a month; 5 Lots). How did you get from 60 sacks a month to 62 sacks a month? 62 bags production per month would seem to be almost on target @ 100 TPD. I get a kick out of the fact that you went to all of those backward calculations to come to the conclusion of 100 tpd being about right, rather that the straight forward calculations of: tons fed to the mill x concentration x percent recovery. But the bottom line as an investor is that GPXM continues to improve and continues to produce and is spinning off a nice amount of cash flow. Ramping up to 200 tpd will only double the cash flow at a modest additional cost for miners and operators and some CapEx for new equipment. H3

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