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


To: Bob Moriarty who wrote (732)3/20/2005 8:58:37 PM
From: maxncompany  Respond to of 3267
 
Hey, Bob....if the takeover happens and that makes the share price skyrocket then we are all happy. When I say "we", I mean the investors in WEX.V, two of which are you and I. I am not the lawyer or director you think I am, you give me too much credit. I truly am a little investor with currently a measly 6,000 shares (which I'll increase as the project progresses). You know much more about GPXM and WEX.V than I do. I simply took exception to a few misstatements. We both want the share price to do well.....and if Mike Hoy has the plan to make that happen, then that's great.



To: Bob Moriarty who wrote (732)3/20/2005 9:17:09 PM
From: hank2010  Read Replies (2) | Respond to of 3267
 
"You may not know this but I was also an intelligence officer in the Marines".

I knew you were a Marine, as soon as I saw your hair style!



To: Bob Moriarty who wrote (732)3/25/2005 9:40:42 AM
From: yard_man  Respond to of 3267
 
>>Ashdown is a couple of months away from generating something like $30 million a year US in cash flow or so<<

That number seems awfully high to me. A recent press release talks about prior evaluations which had about 146,000 tons of MO at about ~2.9% grade.

Moly is high right now -- suppose they realize half the current price of $32 over the life of the mine (maybe optimistic??):

whole wad would only be worth:

146,000 * 2000 * .029 * 16 = 135 M

How fast can they mine it??