Re: Molybdenum

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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Chappy726

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Re: Molybdenum

in response to

Molybdenum

Orcinus

posted on Jan 29, 2012 04:26PM

I like #8...

#8 The total yearly amount of molybdenum mined and consumed is 500 million pounds. What does that amount look like? Well it's 150 meters x 150 meters x 1 meter high. That is not much at all. One huge project could easily consume this all.

Schaft Creek will produce an average of almost 10M lbs of Moly a year (after metal recovery).. about 2% of the quoted amount that is mined and consumed worldwide in a year.

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