RE: just dont understand The last linePreliminary Economic Assessment??
Completed by A.C.A. Howe International Ltd. (May 2, 2007 press release)
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43-101 compliant –qualified person David Orava, M.Eng., P.Eng.
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Positive economics as a 10,000 tonneper day open pit mine at current molybdenum oxide prices
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Resource estimate using block modeling and inverse distance square grade interpolation technique
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Indicated: 65.66 million tonnes, 0.064% Mo (updated May 08)
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Inferred: 10.24 million tonnes, 0.054% Mo (updated May 08)
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Economics based on projected 16 year mine life
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Estimated capital cost: CDN$247 million
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Estimated mine operating and processing costs: CDN$8.19/tonnemined and CDN$10.35/tonnemilled