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

To: jackjc who wrote (1947)	4/24/2006 3:07:40 PM
From: HotnSpicy	Read Replies (1) \| Respond to of 3267

WRONG. Roca's Permit is for 75,000 Tonnes. Rec'd email from IR today (even if you were unable to clearly understand their PR I posted, this should remove any misconceptions you have) "Thank you for your inquiry. Actually, there was an error in the text used by Lawrence Roulston in his recent report on Roca. It should have indicated that our small mines permit allows us to produce up to 75,000 tonnes per year and not 10,000. The rest of the numbers referenced in the report are deemed to be accurate and in line with our projections including our intention to produce 1.5 million lbs. of Moly within the first year. Roca intends to submit a formal application, after we commence production this year, to expand production at the MAX Moly project in order for us to utilize a greater portion of the 1000 tpd capacity of the mill we've acquired which actually has 2 X 500 tpd circuits. The permitting process for an expanded production scenario is more involved and lengthy than for the small mines permit we currently have. I cannot provide you with a specific timeline as one is not defined by the various regulatory bodies involved. Suffice to say that we are "on it" and would like to have any expansion plans expedited based on continued favourable molybdenum prices."