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

To: David who wrote (1455)	11/29/2005 6:26:39 PM
From: jackjc	Read Replies (1) \| Respond to of 3267

Ok, sorry. I read the UNB report and have similar conclusion. They assign 3.00 roaster and get a 21.30 MOX price breakeven. With 2.1 lbs Mo/T net, and todays price (30.50 - 21.30 = 9.00) profit, they show $19k/d at the rated 1000T rate assuming they can grind that much. Just guessing there are some places where costs could come in lower. But they are counting on full .13% Mo grade. Just need the moly price to stay healthy, obtain 1.75M fin, and put the plan into effect. As you say it is a short term quarry plan, could make good bucks for a co this size, and perhaps good stock performance. But when the ore runs out or moly price falls there is no plan B. Thats why I prefer Roxmark over all the moly plays I have seen.