Well.. like it or NOT that is the way it's SOLD. They truck away the moly by shipment.... called a Lot.
It is difficult to move 48,000 lbs of concentrate around if it isn't broken down into some "smaller" amount. It also probably aids in quality control.
Instead of one huge truckload of moly concentrate they split the load into Super Sacks.
ONE Lot contains 12 super sacks of moly concentrates, containing up to 4000 pounds each.
SINCE they assume that we are reasonably intelligent investors and KNOW how to crunch basic numbers they state the lots....
BUT they ALSO state the lbs.....For instance....
Lot #31, containing almost 48,000 pounds of concentrate, is complete and awaiting shipment, and the mill is filling Lot #32.
OR
A “lot” consists of 12 Supersacks of molybdenite concentrate totaling approximately 23,500 pounds of contained molybdenum, which is shipped as a single unit to the buyer.
SIMPLE MATH- 15 LOTS YEAR TO DATE = 15 X 23,500 = 345,000 LBS OF MOLY OR ROUGHLY 720,000 LBS OF CONCENTRATE.
At current prices, one Supersack of moly can be worth $70,000 or more so 15 lOTS x 12 SSs per Lot = 180 SSs
180 X 72,000 = $12.9 mil so far this year averaging 2 lots per month........
Q: Congratulations on starting to make saleable moly concentrates. You report 52% to 57% Mo content. As you improve the milling, how much higher can this content be? - N.D.
A: Typically, Mo (or elemental molybdenum) content in commercial grade concentrate will be between 50% and 53%. Content that exceeds 55% Mo is considered top quality. Maximum Mo content generally does not exceed 58%.
Q: I am confused. I thought your recovery of moly was supposed to be 80% or higher? Why only 52-57%? - R.K.
A: You are mixing apples and oranges. Those two sets of percentages represent different measures. On the one hand, your 80% figure refers to the percentage of Mo (elemental molybdenum) in the mill feed which is captured by flotation and does not end up in the tailings pond; our metallurgists are always working to achieve consistent recoveries of 80% (or more) of the Mo contained in the mineralized rock that is fed into the mill.
Once that Mo is separated from the rock, it is then processed into a concentrate that, for commercial sale purposes, should contain at least half (50%) Mo, with the rest of the concentrate being inert rock and trace minerals.
So on the other hand, the 52%-to-57% figures refer to the amount of Mo (as a percentage of the total concentrate) in the supersacks. Typically, these concentrates will contain approximately 50% Mo on the low end and 58% Mo on the high end. As stated above, producing a cons with 55% Mo or greater denotes a top quality product.
MOST Jr miners at this point in time LOOK like a joke..... |
