THR completed the upgrade drilling of Molyhil late April 2007, and said at that time that they expected to present to shareholders an upgraded Molyhil ore reserve, pay-back time, and initial production date --about mid June 2007. That would be next week, and this will be needed to wrap up the negotiations with the two Japanese buyers of the moly and tungsten. They will wish to know the final ore reserves before acting as guarantors to the financing of the Molhil project.
upgraded molyhil ore reserves due mid june
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