RE: this should answer all questions and remove alYour only half right. Both Molybdenum price and costs are per pound of pure Mo. Check page 7, where cash costs are presented:
* Molybdenum oxide production costs (US$/lb Mo) include all stripping costs and assume an exchange rate of US$1 = C$1.05 for Endako costs in 2010.
They specifically mention that moly oxide production costs are US/$lb Mo = pure Molybdenum.
However, this is nothing new. LME and producing moly companies financials are indisputable evidence. Only a total deuce would deny them. Where's biobot? I bet you are basher too now.