they really have goodsVGM.V, A 28 cent moly stock
The Los Verdes property is a historic molybdenum producer and was extensively drilled in the 1970s. Repetition and expansion of that drilling by Virgin in 2006 has resulted in a 43-101 compliant resource estimate of 28.5 million pounds of contained molybdenum and 105 million pounds of contained copper. Favorable geometry indicates potentially low cost mining.
Resource Category Tonnes Molybdenum(% MO) Copper (Cu %) Tungsten Contained Molybdenum (lb) Contained Copper (lb)
Measured Resources
4,641,000 tonnes 0.129% MO 0.49% Cu 0.088% Tungston, 13,158,000 lb Mo ,50,575,000 lb Cu
Indicated Resources
5,861,000 tonnes 0.120% MO 0.43% Cu 0.083% Tungston , 15,480,000 lb Mo, 54,917,000 lb Cu
Total Measured & Indicated
10,502,000 tonnes 0.124 % MO 0.46% Cu 0.085% Tungston , 28,638,000 lb Mo, 105,492,000 lb Cu
Inferred Resources
1,089,500 tonnes 0.120 % MO 0.16% Cu 0.024% Tungston , 2,880,000lb Mo, 3,898,000 lb Cu