+ presentation data and comment +

MOL--MOLY MINES LTD: http://www.molymines.com/

Chart: http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=AU%3AMOL&time=&freq=

Business: A 281 mill tonnes Molybdenum Deposit (Spinifex Ridge) and 2 other prospects (Not drilled) as well as GOLD at Dargues Reef.


1. MOLYBDENUM.
15 Sept 2005: SPINIFEX RIDGE: PRESENTATION: http://stocknessmonster.com/news-item?S=MOL&E=ASX&N=299254

Suggest one reads pages 3, 20-22. These deal with resources and calculations. The MOLYBDENUM price is rising and is now $US 34/lb. Based on resource of 281 mill tonnes @ 0.07% MO (0.04% cutoff), the Moly resource is about 435 mill lbs or the equivalent of 32.15 ounces of GOLD (AU=$US460/ounce).

The CU component is 0.1% or 281,000 tonnes or based on $US1.60/lb, the equivalent is 2.15 mill ounces of Gold. This single heap is worth in total 34.3 mill ounces or based on Gold=$US460 and $A=0.77, a total sum of $A20.49 Bill ($A 20490,909090).

MOL has 29.6 mill shares, 1.47 mill year 2007 options, 1.07 mill year 2008 options and 13.4 mill 2009 year, a total of 15.87 mill options, all unlisted. Fully Diluted: 45.54 mill . Note that Production is supposed to begin on 1 June 2007, so all these options will be exercised after the start-up. However, it is best to present the final data in undiluted and diluted forms.

UNDILUTED: The share price is $A1.33, so the Market Cap is 29.6 mill *$A1.33 or $A39.368 mill or per $A1 Market Cap., one has a InSutu resource worth about $A20.49 Bill / 39.368 mill or $A520, a high number IMHO. Per Share: $A692.

DILUTED: Per share, one gets an InSitu resource value of 20490.9 mill / 45.55 mill or $450, another nice number. Of course, there will be a Placement prior to the Capital Construction which is between $350-$400 mill at present. MOL has $17.6 mill cash at the moment (60 cents/share).

Preliminary Feasibility Study: December 2005 (Page 12 of PRESENTATION).


2. GOLD
At Darques Reef and other places: See page 27 of PRESENTATION.


Subject to audit,

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.

NB: I did a study of Moly companies. MOL (Australia) and ADANQ Moly Corp (Canada) were front runners. Both could start producing about 1 June 2007.

However, ADANAC had 220 mill lbs of Moly @ 0.058% while MOL had twice the metal at 435 mill lbs @ 0.07%; both with 0.04% cut-off.

ADANAC's share price is CAN75 cents or $A84 cents while MOL is $A1.33.
ADANAC has about 40 mill shares and a few options.
It was decided to give priority to MOL. It has Gold projects as well.