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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Proud Deplorable who wrote (3637)	12/27/2005 11:04:01 PM
From: jackjc	Read Replies (1) \| Respond to of 78416

Well you gave them good support for quite a while and were fair to the other moly plays even though not in them. Have to give you credit for that. AUA has done a fine job advancing the project IMO. Have nothing against them. Just think that huge capex will not be forthcoming for any open pit moly as the industry itself does not believe the price will justify it. The offtake is a possible way around that if an agreement surfaces. The small hi-grade moly guys could make a quick buck if they hustle IMO. But the ROK Hatch report talks 30M capex for the 500T/d mine plan. UNB looks about ready to produce but recent moly price drop is cutting their margin. GPXM was digging their way around a problem area in the old decline last I heard. But mgmt that loaned the capex has very steep terms for repayment IMO. Roxmark needs spring weather to start the decline and mebbe 4-5 mo and small cash to do same. Their 200T/d mill is ready. Like EC says, small mining ain't easy.