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

To: HotnSpicy who wrote (1956)	4/26/2006 12:37:52 PM
From: jackjc	Read Replies (1) \| Respond to of 3267

Disclosure: I sold my GPXM at 52 on the last move up. The mill price of $14M is very reasonable IMO, and was possible because they got a good deal on used equip. But I did not know about dieselgen power. I consider that a negative, and in fact is the biggest negative about AUA for the same reason, though AUA does not have projected margins anything like the hi-grade producers. The present permit only allows them to run for 150 days/yr at 500T capacity, and should not hurt for the first yr as they need a few months to get going. But they will need permitting to keep running after the 150 days next yr. With luck they will get it, but it is not a sure thing, so don't count the revenue til it is in the bank.