Adanac Molybdenum Corporation AUAYF

RE: waldi

[xdmmdx3]

waldipup:
" We need a good magician (or a good bank robber)."

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Waldi, you dd is usually decent, but there is a HUGE thing you are forgetting about.  And that is the amount of pounds of moly in the ground that is UNKNOWN to the common public, and not added to the 43-101 yet.  The bunch of drill holes Adanac has shows much higher grade than the pit area indicates.  This may mean that there is a SIGNIFICANTLY larger deposit than we currently are aware of on the property.  This will take time to prove up, but this is where the future upside will come from.

Refresher:
When Endako first started mining in 1967 (called a sister mine to Adanac based on grade and known size at the time) it was punching out roughly 11 million pounds of moly, and its expected mine life was 11 years.  As time went on and more drilling was done with the profits from production, the mine was expanded to roughly 17 million pounds by 1968.  In the 1990's it was banging out 20 million pounds, and is STILL in production today, more than 40 YEARS later.

So when moly prices stay up here or go higher, and the mine life is expanded significantly and the production goes higher, you'll get all the upside you hoped for...

Too optismistic you think...?  Maybe, but maybe not.  History is a good judge of the future, and Endako was a very similar type of deposit like Adanac.

Good luck to you, and to all,

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