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

To: hubris33 who wrote (3139)	3/6/2008 10:00:07 PM
From: Vince Moretto	Read Replies (1) \| Respond to of 3267

Well I believe that their first quarter of production was in the area of 2/3 a supersack per day....now we're evidently looking at something like a sack and a half...so that's tangible progress on the recovery end of things. Concentrate production will vary by 1)ore grade processed/mix of hi grade/lower grade ore from development work...which does have upper limits...because the moly has to float...ie higher concentrations are heavier. 2)total tonnage processed 3)recovery efficiency.. So it's not a cut and dried scenario. The Raphael 13% cut is from memory on reading some of their original agreements...so Looking at the dollar end of things...should come out something like this... elemental moly (0.56) x total lbs. concentrate x 0.87 x GPXM/WEX split (0.7)x (price of moly/lb) Looking pretty healthy at this point. Vince