Fantastic news continues to come from Adanac Molybdenum Corp (AUA.TO) whose share price has been beaten down due to sector/economic challenges IMO. Currently under .30 cents, Unbelievable! Can't wait for Paulson's rescue plan in the US to be put into place next week.
"Ruby Creek is the most advanced large scale open pit primary Molybdenum mine in the world today"
Recent news includes More highgrade Moly at Ruby Creek and Great news on the project permitting front.
"The Project is permitted for construction by the Government of British Columbia and Adanac is currently sourcing project funding for a construction start in February 2009 with first production planned for October 2010. Adanac is pleased that the Government of Canada has changed the permitting for production from a "Comprehensive Study" to a "Screening Level Assessment", as this will likely expedite permitting for production.
"The high grade results continue to be very encouraging and I look forward to the new NI 43-101 report, addition mineralization will enhance our robust economics and open opportunities to further extend mine life or production rate." He also said, "We plan to complete project funding this year, start site construction in early 2009”
