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

To: tyc:> who wrote (59629)	5/23/2008 3:22:49 PM
From: hank2010	Read Replies (1) \| Respond to of 78424

MRI, a private co in Butte, Montana has 0.23% Cu and 0.023%Mo. They re-opened the mine when prices were 80 cent cu and $6 for Mo. 53,000 TPD. Rumors were they were netting $90 million/quarter. assume they were break-even when they re-opened. the higher prices nets them more than $125 mil/quarter, if no increase in costs. allow increase in fuel, explosives power etc. 90 million figure appears reasonable. Berg looks real good! However, MRI is with a mine developed and mill already in place, and already paid for.