0.2 moly equals 519m net profit

If this project can mill at 0.2% Moly (even if its only in the first few years, the numbers are ballistic in size.

I've assumed $20lb Moly market price. Moly is currently about $30lb).

Once the stockbroking mining analysts go over this, I would dare say they will give their dealers are pretty favourable outlook.

The following costings are those used in a recent feasibility report published by Ruby Creek in Canada except I have been more conservative by increasing apex by $200M to $500M.

Total Material 22,000,000 Tonnes p.a
Milled 7,200,000 p.a.
Stock Pile 800,000 p.a.
Waste 14000000 p.a

Total Cost $86,000,000 p.a.

Cost/t/mined 3.909090909
Cost/t Milled 11.94444444

Milled 7,200,000 tonnes
Grade 0.002
Contained Metal 14,400 tonnes
Recovery 90%
Metal Recovered 12,960 tonnes
Loss In Roaster 1.50%
Metal after roasting 12,766 tonnes

= 12,765,600 kgs
= 28,084,320 lbs

Gross Revenue in $US = $561,686,400

Deduct 2% marketing -$11,233,728
Transport = -$1,914,840
Roasting Charge @ 1.98 kg = -$2,5275,888
Net Revenue $523,261,944

Less Production Costs - $86,000,000
Less Sustaining Capex - $ 5,000,000
Less Interest - $37,500,000
Less Deprection - $50,000,000
Less Head Office - $5,000,000

Net Profit $US518,261,944 p.a.