Ranking of pure Moly producers or will be producers.
Malmbjerg 0.20% 220Mt
RCH 0.168% 106Mt (Indonesia)
Mount Hope 0.098% 300Mt
Davidson 0.085% 276Mt
Lucky Ship 0.07% 45Mt
Ruby Creek 0.062% 199Mt
Moly Metals 0.06% 450Mt (Will be only Aussie mine)
Cannivan Gulch 0.06% 117Mt
Malmjerg is an unbelievable underground resource in Denmark.
RCH should be able to grow its resource from its 4 other satellite anomolies however as these havent been drilled, the grade is unknown.
Grade is king and it allows flexibity in what size plant and hence capex you need. i.e You are not forced to spend a billion dollars to get the economy of scale like Moly Metals(although Moly Metals is a superb looking operation)
Looking forward to further announcements. I would be very keen to learn about the other metals in RCHs deposit (usually copper and silver)
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richfield group limited
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