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Gold/Mining/Energy : The Molybdenum Discussion Board -- Ignore unavailable to you. Want to Upgrade?

To: teevee who wrote (302)	1/19/2005 3:14:47 PM
From: E. Charters	Read Replies (1) \| Respond to of 3267

I don't believe that for a second and a half. I know 8% moly averages have never been found. I staked a property in Quebec that had samples that ran higher than that, but its average was about 1% moly. RMKL's average grade is 1.4% estimated recovery I believe, by calculation. They will be in production in all probability by sometime this year. We (Wildcat) have another property that averages 1.0% and a JV partner is available. Tonnages are small, but this property and RMKL's are fast track as mill permitting is a fait accompli as the mill is operational and in place. That is what you want to capture high prices. Note, RMKL is CNQ. cnq.ca website is roxmark.com Wildcat is not yet public and its website is www3.sympatico.ca EC<:-}