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

To: teevee who wrote (306)	1/19/2005 4:22:59 PM
From: E. Charters	Respond to of 3267

Well for that matter, Wildcat has one deposit in PQ which was formerly mined, with underground workings to 1000 feet and some samples from that mine that run 15% moly. On the other hand, it is a formidable task to restart this particular operation. I believe there is much more moly to be found however, so it may be worthwhile in the end. Wildcat has staked 3 Moly properties in Canada with tonnage and metallurgical studies on them and are in process on three more. One of them has tonnage and met studies as well. All have generous grade that for the most part is higher than any grades mentioned in CDN public company announcements so far. We are not looking for deals, we are looking for ways to get into production on these properties through Wildcat's auspices. To that end we may take Wildcat public in the near term. We have located a possible JV partner for one of the properties are in discussions. That property averages 1% and could be fast-tracked to production in less than a year, for perhaps as little as 5 million dollars. Low cost fast-track properties are perhaps better to look at than pie in sky, as pie takes a lot of baking -- and the windows of opportunity are notoriously breakable. EC<:-}