Molybdenum adds huge value to this dealThe acquisition of the Ben Lomond uranium deposit in Australia is a big win for MPM because at US$20 a pound for U3O8 and US$26 a pound for Molybdenum the insitu value of contained metal is US$300 million U308 and US$260 million Molybdenum. I agree with the previous post:"Maple will issue a small amount of shares (3,000,001) relative to the uranium reserves in the ground" but the Molybdenum credit of .15% adds almost as much to the insitu value.
And what a great management team it comes with:
Mr. Taylor will remain president of UMVI and will be appointed vice-president international exploration of Maple. He will be responsible for the evaluation and acquisition of international projects with an initial emphasis on uranium. Mr. Taylor, a geologist, holds a BSc (honours geology) from the University of Glasgow and has over 30 years of mining and exploration experience, including senior management roles, in Africa, Europe, Australia, Asia and North and South America. He is a fellow of the Australasian Institute of Mining and Metallurgy and is currently a partner at Taylor Wall & Associates, a Brisbane-based consulting firm specializing in mineral project generation and evaluation, and providing geoscientific consultancy services to mineral companies and institutions such as Placer Dome, Kinross, Newmont, Noranda, Queensland Department of Mines & Energy etc. His partner at Taylor Wall and Associates, Dr. Victor Wall, has over 38 years of mineral resource experience, including work on uranium mineralizing systems, and was the winner of the Goldcorp Challenge in 2001.