molybdenum , page-3

All depends on what the project being acquired is like.

Very little is known about this metal by investors so I am providing information on the uses and market.

After much reading, I understand why some have called this the metal of the 21st Century. It truely does have remarkable properties and uses.

Now that I have satisfied myself that Molybdenum is a good metal to be involved in, I now need to know how good this project is.

I'm hopeful that its as good as some have been saying.

My benchmark for good is 0.05% Mo (plus copper and silver credits although some prefer a pure Mo mine without these biproducts) and a size of 100 Million tonnes.

If they beat that benchmark, then we have something to get interested in. Anything up near 8% is world class, high grade. Likewise 200Mt would be world class.

Plenty of money to be made out of Moly mines although the capex is sizeable (depending on size of mine probably around $600M to $700M).