Just for a bit of fun and to get some idea of the size of the potential deposit - I calculated the 'in-ground' value going on the est. resource of 106 Mt Molybdenum @ .14%.
The current molybdenum price is around US$70,000 per tonne.
Works out to be around US$104 billion 'in-ground' if my calculations are correct.
Over $2,000 per share 'in-ground'...lol
Kind of gives you an idea of the huge scale of the resource.
RCH
richfield group limited
Just for a bit of fun and to get some idea of the size of the...
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