Comment by
GardenManman on Jan 17, 2023 1:21pm
“yeah. I mean. We have done an incredible drilling campaign ” Paul repeated.
Comment by
IvanRo on Jan 17, 2023 2:38pm
These are pretty good MET results given the tonnage WRN have and pretty much as expected and upside on the gold recoveries adds to the appeal. If Clarke is correct, this starts the clock.on Rio. By late Q2 / Q3 offers will be on the table!
Comment by
Sooner on Jan 17, 2023 6:54pm
Ivan how to interpret the results of the deep anamoly? I mean why can't they boil it down to how much metals estimated in that area and average grades of entire area???
Comment by
IvanRo on Jan 18, 2023 9:58am
Moly is mainly used for Steel production and alloys... Which to be fair to Sooner is a useful addition / would be of some interest to Rio. However, to your point Clarke, it is a byproduct - the main attractions are Copper and Gold with a silver and moly kicker.
Comment by
Sooner on Jan 18, 2023 1:15pm
Spot vs FS revenue over 27 years Cu = $18B - 42% Au = $10B - 25% Mo = $13B - 31% Ag = $1B - 2% So Moly is bigger than Gold in terms of revenue at current $33/lb. Even Moly at $26 is equivalent to Gold....yet no one cares...haha...aside from me and you.
Comment by
Marine2 on Jan 18, 2023 1:26pm
Sooner I care, great numbers on Moly I Maybe Paul will comment on the Moly component in his next webinar / interview ? Ask Sandy / Paul if they noticed the Moly prices . M2
Comment by
IvanRo on Jan 18, 2023 1:33pm
Now that is significant, anything on the longer term price projections for Moly? Will see if I can build a full discounted casflow - have a couple that O may be able to repurpose.