high grade

As I said, it will take the punters time to work this out. Its not the sort of thing punters look at every day.

I would imagine the dealers have spoken to their analysts who have now started to pass on info to their clients and as such it is gaining traction.

This not only very very high grade but it sounds (reads like) it is close to the surface. Many of the high grade deposits around the world are under ground deposits although our Moly Metals is open cut but still had allot of overburden to remove.

Lets look at RCH numbers now:

Potential Resource: 100 Million Tonne,
Grade 14% X 1.20 (adj for errors in sampling) = 0.168% (INCREDIBLE)
Costs say $5 lb (I pinched that from an underground mine so it should be no more for an open cut)
Resource: 18.8 Million lbs MO
Revenue: Use $15 lb for bankable feasibility (Mk is actual $US33 lb.
Capex: $US700 Million.
Surplus: $168Million for base case but if market price is used then $420Million.

Now, we don't know what the copper credits will be as we haven't been given any grades etc, but these mines usually produce a fair amount of copper which contributes towards overheads.

Location: Ok Indonesia is flash but Salawisi is the best island to mine on and having a deep port and the ability to generate hyro power will mean the lostest of mining costs and capex.

Like I said its a cracker of a project for a small company to get hold of
Net surplus