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Wednesday, 01/30/2008 6:53:25 PM

Wednesday, January 30, 2008 6:53:25 PM

Post# of 35734
GPXM / WEX

Here is an update from the WEX website. You can make some projections on how Q4 went based on tne 2007 numbers and the third qtr number provided previously.

Still ramping up production at the mine and mill. Grades will continue to improve as they work through this.

The 43-101 should be out by in the next 2 months (end of first qtr).

JFF7

http://www.win-eldrich.com/index.html


The Ashdown Project LLC produced and sold seventeen truckloads of molybdenum concentrate containing approximately 397,000 pounds of molybdenum with a gross value of about $12.4 million in 2007.

Molybdenum prices have stabilized in the low $30 per pound range. World wide demand for moly continues to be strong due to rapid expansion of the Chinese and Indian economies so this price is expected to hold for a while.

A geophysical survey to identify areas for expansion of reserves has been conducted but results are not yet avialable.

A resource study is nearly complete and results should be available in the first quarter of 2008.

It's better to be out wishing you were in than in wishing you were out.

"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes

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