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Message: PEA scoping study... FULL Report

PEA scoping study... FULL Report

posted on Oct 08, 2008 06:07PM

Well... I thought it was going to be a PFS... but instead it is a very thorough PEA... right down to the trucks and mine design... it is all here. Folks we have a mine of a "very significant resource". I love these little snippets...

"a large molybdenum resource"

"a substantial resource has been identified"

"assessment work indicates a viable open pit mineable resource"

"Increase the production rate from 60,000 tpd to 90,000 tpd, indications are that the in-pit
resource is sufficient to sustain a higher production rate"

"work, combined with resource studies has demonstrated the presence of a substantial body of molybdenite"

"The identified resources are similar to those found at some of the world's largest developed molybdenum deposits and fully justify continuation of studies to advance the project"

The boys have a lot of work ahead of them... but they have done one hell of a job so far.

Happy reading!!!

Congrats to all!

m.z.

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