QuestionI am a long-term shareholder, and love how prudent management is with funds. Great news release today.
I do have a question for the board, about the Ruby Creek Moly play.
There is a difference between in ground value and the npv after the new PEA is updated.
A little concerning or of at least a discussion, is that the prior PEA which had an initial payback of 3,2 years and a NPV of 295 million was based on Moly for the first 4 years of mining
being at a price of
2009- 32.95/lb
2010- 28.00/lb
2011- 23.00/lb
2012-21.75/lb
Can this project be economical if Moly prices remain where they are presently
and with inflation potentially creating capital costs to develop much higher than
13 years ago?
I really like this company because they have multiple irons in the fire, and this Moly play could be a good one......, but one of many that could appreciate the share value.....glta