RE: newsYea, I get the impression that the numbers used were not very conservative. We're working with pretty thin margins here (825 million ton pit, 165 million tons of ore with ~215 mil lbs moly). At 2-3$/t extraction and 8-10$/ton processing, not to mention all the other costs, it's not going to be a huge $$$ maker mine at these prices when you factor in start up capital, all the studies, not to mention the environmental stewardship costs.
I was really interested to see an underground scoping study but I guess that will have to wait if it ever happens. At least this will get the share price moving for a bit so they can raise some cash and try to find some nice new areas.