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Please check the third paragraph.Quote:0.1% molybdenum equates to 224 lbs of the metal in one tonne of ore. A quick bit of maths puts a value of nearly US$8,000 on each tonne of ore in the ground.My calculation is 1 tonne = 2204 lb.0.1% = 2.204 lb.$35.00 x 2.204 lb.= $77.14 per tonne.How come US$8,000 on each tonne of ore in the ground?Correct me if I am wrong.Thanks.
