GREY:LEWCF - Post by User
Comment by
Bentonstockson Feb 21, 2008 10:59am
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Post# 14520055
out to lunch... lurkerone
out to lunch... lurkeroneI did call Jim... Yesterday, in fact, and as soon as the report was released. Do you think I would be reporting those numbers without confirming?? The first thing I wanted to know was how lbs of moly /tonne there is given the grade...
There is no funny math, there is no misreporting, there are no mistakes. This is a large, low grade deposit, only a small portion of which has delineated so far. It is economic because it is low cost. Using a figure of $10/lb for mining and processing, which is TCM's Endacko cost, it is economic and profitable. Its not a mine yet, and nobody here said it was (they need to delineate a lot more tonnage), but we are just getting started. It is what it is....
Keep it coming...
Regards,
B.