RE: Moly is still hot look at thistechanal: " FIRST DRILL RESULTS ON LONE PINE MOLYBDENUM PROPERTY INTERSECTS 0.081% MOS2 OVER 102.3 METRES
Went up 70% on their NR. How do we compare with their results?
TA "
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apples and oranges: UNB has a 43-101 resource and higher grade.
the other company has a lower grade but what looks like a monster deposit which would be very easy to develop if it gets proven up.
the 70% jump was coming off a very cheap base (0.135), and was in the wake of an outside 3rd party buying up 8.36 million shares off the market over the past half year or so, with several million of those during this past 2 months. This individual was involved in similar control takeovers on two different other stocks early last year, and both of those stocks jumped appreciably after his announced participation.
I own both UNB and "the other" stock.
"Yes, the grades are low, but the logistics are tremendous: 1) the intercept is so huge 2) it is open pittable 3) it is in virtual spitting distance of civilization and rail lines 4) a major highway, gas-line, and power transmission line run through the property
The Property is located approximately 15 kilometers north-northwest of Houston, BC, and is situated in the Omineca Mining Division. Assays have been received for hole # BD-07-01, the first drill hole of a seven-hole drill program.
The drill hole averaged 0.05% MoS2 over the entire length of 490.10 metres, which included two higher grade zones of 0.078% MoS2 over 42.9 metres from 17.0 m to 59.9 m and 0.081% MoS2 over 102.3 metres from 257.7 m to 360.0 m.
Of importance to note is the existing infrastructure on the Property, which includes Highway 16, natural gas pipeline, a major hydro power transmission line and transformer sub-station, and it is located only 15 kms from the CN rail line in Houston, BC.