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Mosquito Consolidated Gold Mines Limited V.MSQ



TSXV:MSQ - Post by User

Post by junior_mineron Apr 09, 2008 3:01pm
182 Views
Post# 14954359

Starter pit

Starter pit

MSQ starter pit seems to be at hole 32. Very nice grade in Cu-Mo zone starting right from the surface.
0.13% Cu, 0.108% MoS2, 0.036 g/t Re, 3.27 g/t Ag, 18.78 g/t Ga (and what ever tungsten and osmium there is).
This will allow them to recover capital fast, which is the key point in developing any project. My modelling says (refer to older posts) that $1.5b capex would be paid back in 2.5 year at $14/lb MoEq price.
After they are dept free it's going to be smooth sailing, by-products covering most if not all operating costs.

Adjacent drill core 34 shows near surface moly zone 500 meters south. This starter pit may be very very large if the grade is ok. And why wouldn't it, Mo veins just get fatter going down to the South.

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