Molybdenum

[echarter]

I fell I owe jjc an odd reply now and then with actual fact in it and no funny stuff. so here goes.

1. we have four moly properties "possible". Two are staked and in quebec and one of those has a widespread tantalum-rare earth potential. one has 300,000 tons to 120 feet on the surface of what may be 0.4 MoS2, ~30 feet wide.

To 300 feet, and in the mile and half long we can look, it may expand to 1 million tons. On the other hand, it may not expand much in any real way ecomomically. The nearest mill is 240 miles away and the moly recoverable at the smelter is probably worth about 80 bucks US. If it had 2-3 million tons to 350 feet we could build a small mill. chances are fair. Possible to build synergy with a moly producer in the area who also does not have a mill.

2. Two of the properties can be optioned. Don't know grade or tonnage but they are possibly open pit and the possibility exists that a mill within 100 miles may take the material. Chances? Good on all points.

What do we need for this? About 2 million dollars to make it workable to build potential to get mill/mine money.

Our gold stuff is more cogent and larger, but it is not easy to do. All the gold stuff is fraught with development difficulties in that we have to come up with ore, milling agreements and mining methods to make it work in reality. Chances of this are fair. Easy to poo-poo. And not easy to do for small money. we will get LOTS of flack on the gold projects. When you are public it is hard to take a "Fik-Em" attitude. But as elvis q. presley was fond of singing, "you gotta be strong", and as iggy pop was fond of adding "or folks will say you wear a thong"

There, that was a dead serious answer. any serious questions that we can answer without thinking too hard?

eC<:-}