Newmont or another mayor this would make Parag an excellent bolt on especially when most producing mines are mining lower grades as there mines get depleted . Grades at Parag are King.
The USA and other Western countries are expected to place more reliance on sourcingmolybdenum from producers within the Americas, which positions Parag favourably forsupply of molybdenum concentrates to roasters within the USA and Latin America.
EVR hashad several approaches from molybdenum roasters within the USA and the Americas,indicating an interest to source molybdenum concentrates from Parag. EVR’s Parag copper-molybdenum-silver porphyry project (EVR:70%) has thus far drilled numerous lengthyintersections from surface of copper and molybdenum mineralisation.
Hugh Callaghan, Managing Director of EVR commented that “It was inevitable thatmolybdenum would sooner or later be subject to export restrictions from China, and as minesaround the world age and deepen and grades deplete, it appears molybdenum will become ametal that takes on a strategic significance. Parag has remarkable by product molybdenumgrades higher than most primary molybdenum mines and projects which offers a compellingeconomic support to the economics of this copper project.”
IMO
EVR Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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