Moly hillHighlights• Overall tonnage increased by 25% to 4.7...

Moly hill
Highlights
• Overall tonnage increased by 25% to 4.7 million tonnes to 220m depth;
• Contained tungsten increased by 10% to >13,100 tonnes WO3 ;
• Contained molybdenum increased by 46% to >10,400 tonnes MoS2; and
• Very high, near surface tungsten grades provide confidence in early payback of project capital.
Next steps at Molyhil
• Updated ore reserve estimate & mining plan, due February 2012;
• Capital and operating cost changes, to reflect recently announced process improvement, to be confirmed; and
• Updated feasibility study due March 2012.

Spring Hill and Dundas gold projects, already 240k jorc near surface. Offtake agreements being discussed for Molyhil, jv's being discussed, possible takeover coming. Already way undervalued.

PG

Thanks to guys like Daning, Thor and Mo for alerting me to this.