“EVR has had several approaches from molybdenum roasters within the USA and the Americas, indicating an interest to source molybdenum concentrates from Parag. ”
or :
EV Resources Limited (ASX:EVR) (“EVR”, the “Company”) is pleased to announce the Company has been approached by parties expressing an interest in EVR’s Yanamina Gold and Silver project located in north- central Peru in the Department of Ancash, province of Huaylas, District of Caraz, and approximately 16km east of the town of Caraz.As a result, EVR has commissioned a review following these approaches from prospective buyers for the project against a backdrop of significant rises in gold and silver prices, and expressions of support from the local community.Yanamina is a bulk, open pit gold and silver target that has declared a Maiden Resource Estimate and has a number of high quality drill targets for resource growth.The total Indicated and Inferred Mineral Resource has been estimated in accordance with the guidelines set out by the JORC Code (2012). The estimated total resources at the lower cut-off grade of 0.5g/t gold (“Au”) are 6,742,260 tonnes @ 1.23g/t gold and 4.31 g/t silver for 265,987 ounces of contained gold, and 934,528 ounces of contained silver (“Ag”), confirming Yanamina as a significant bulk mining.
may be this is the answer for you, if off-take agreement secured with funds provided, to produce molybdenum concentrates is much easier than to set up a smelter.
what EVR needs to do is to work out the JORC via more infill drilling and determine the vein area of the highest grade for initial open cut mining plans. 10% molybdenum concentrate should be worth USD$2500/t. 25% copper concentrate normally worth U$9000*0.7/4=U$1575/t
no idea for its 260k ounce gold project, could worth USD$5m+?
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