Checking it outI've been seeing this stock around, thought I'd have a look.
0.09% MoS2 is the best?
.0009x96/160x2200 = 1.19 lb/ton, at the best grade, without taking anything off for recovery. That low of a grade, 80% recovery at best, gives 0.95/lb ton.
And the 0.07% stuff... That would give about 0.74/lb ton.
This seems awfully low.
About $10/ton operating costs for open pit mine. So, at $30/lb you'd get $22, but you really don't get that, there's more processing charges, so take off 10% and you have $20. That's about $23 Canadian.
That just isn't very much metal value in the ground when you consider the moly price isn't sustainable. At $20 moly you are down to about $15/ton and you've still got that production cost ($10/lb), admin costs, capital costs, etc...
I think raising capital for building a mine with these levels would be very hard.