Northcliff Resources Ltd T.NCF

Mo price

[stockpunter]

Mo jumped to about $36/lb.  If I remember correctly, at the $350 Mtu Tungsten /$15 lb Molybdenum 
used for the fs, the moly constituted about 20% of the contained metal value at Sisson.  Closer to 50% at current prices.  So, although the non-Todd ownership is dropping, the NPV one would calculate is increasing.   As our slice, percentage-wise, gets smaller, the pie gets bigger.

Tungsten was up today, as well, but a little shy of $350.

I'd be interested to know the relative costs of producing W vs Mo according to their plan, as that affects the economics.

[stockpunter]

https://tradingeconomics.com/commodity/molybden i'm pinching myself.  doesn't the current Mo price imply and extra 3.9 BILLION ?????????