re: Ann: China Guangshou Group to Visit Malal...
I dont see much relevance in that officials from the potential MOU partner are going to site What are they going to do look at a few trenches and drill core samples I guess they will have an xrf hand held or take away some half samples for ICP analysis though so maybe relevant in retrospect.
If VWM are looking to mine at 900grams a ton (0.09%) and Moly is around US$20 a pound then the value of ore per ton is around $20 * 2.2 (conversion factor to pounds) * 0.9 = $40.00 a ton
$40 a ton is around the price of 1 gram of gold, and mining 1 gram of Au per ton would be an uneconomic gold mine (unless alluvial) be great to see the scoping study to determine what KPIs were used.
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