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

To: Metacomet who wrote (35557)	3/11/2007 5:48:40 PM
From: E. Charters	Read Replies (3) \| Respond to of 78416

Nickel steel in the 60's to 70's was the only restaurant metal. Later that changed to Moly. Now most kitchen knives are moly steel. Often nickel is too tough to make a good edge. Moly makes the better edge and it lasts for ever. Hence the Ginsu never-sharpen knife. It's moly steel. When was the last time you sharpened a kitchen paring knife? Moly. Front end of cars, the gear, is all moly steel. That is the past 20 years. Lots and lots of cold weather strength, corrosion resistance uses. If you ask me, ships should be all made of moly-niobium steel. (Niobium/columbium) is another one. It could be used in the place of moly and tungsten too. Roxies' gold mines are also the highest grade tungsten veins in the world. They were only worked that way for perhaps 2 years during the war. Some of them run to 3% in spots. They own a million ton tailings pond that may run 1% tungsten by some report. (It is such a mess that it will never be a producer.) Moly is the poort man's metal as it is so easy to produce a con and sell it. It rarely occurs at high enuff grade to allow production given the past history of fluctuating price. Canada was once the primary supplier, from one mine in Quebec. Then a mine ran in Eastern Canada at Indian Lake for a few years during WWII. One ran at Preissace Quebec (we have claims there). Rox has a chance with high grade moly. Equally a good chance with high grade gold. And they have both and a mill that will recover both. In that they are unique in Canada, perhaps in the world. They can do tungsten too. I would advise it and they have looked at it. That would make them singular indeed. There is also the possibility of custom milling copper nickel in the area. If they custom mill for the Magnet Mine, the Key Lake Mine, and two other operations gold and base metal operations, they will be a going concern indeed. Mill size will have to get to 1000 tpd. All doable. The ore is there. The mill is there. The people are operating there. I advocate they do it. All 4 and the moly too. I don't see why not. But the money has to come from somewhere, and they have a lot of stock out. I see no reason why this sort of thing cannot be done, or should not be done at these metal prices. I think they need a 40 cent stock bare minimum. That would give them 48 million market cap. Deliverable I believe to their concentrator would be 200 tons per day of let's say 1.5% moly, (166K) 200 tons of 0.5 oz/ton gold at 30%, (23K) 200 tons per day of 0.5 oz/ton gold at 40%,(31K) 200 tons per day of custom ni-cu at 50 bucks a ton, and 200 tons per day of custom gold at 50 bucks a ton. (20K combined). 240K per day. 86M a year cash flow. Capex? I would say 15 million, their end. 37 million shares. Much of that capex has to come back to them from the custom people. About 4.5 million at least. EC<:-}