This is highly speculative point by point:

1. Do you own conclusions .. CC is BUYING SHARES

CHEAP.. thats good provide liquidity to the non believers.

many warrants and options have run the course and buying

shares could reduce the cause to about 50 million shares

fully diluted

2. The joint venture and used equipment is not in the bag,

but if concluded $250 million/ 2 = only $125$ capex per

member... on a 60,000 tonne. day .. 30 million pound

annually mine.

3. If number 2 above becomes true capex could be paid

in one year by each member and the equipment and mine is pretty

good collateral for bank money.

4. It all comes down to profits . share

tcm has 155,000,000 shares diluted producing 30 million pounds

TTM could produce 15 million pounds with around 75 million

shares or maybe even lower , as te jv may pay much of the bank study etc.

4. Remember we have the capacity to start at 40 million

pounds annually ina 90,000 tonnes operation.... so their

is definitely room for a thREE WAY DEAL

5. oN A THREE way deal .. ttm would have no capex and no

debt and keep their $10,000,000.00 in the bank

However they would receive profits on 13.5 million pounds

of moly annually (40.5/ 3 = 13.5 million)

If that was the case at 50 million shares compared

to tcm who has 155 million shares.. well draw your own

logical conclusion tcm would have to produce over 40 million

pounds annually to enjoy the same profits per share.

6. The suitor in a 3 way deal would receive a fully operational mine

at about $1.50/ pound.

7. Of course all the above does not include the other

anomalies

Atb

Sandy9