Replies to post #44 on LRU

[rossi]

508 Million LBS TUNGSTEN 151 Million LBS MOLY

....508,000,000 x $11 per pound = $5.6 Billion worth of Tungsten...

....151,000,000 x $30 per pound = $4.5 Billion worth of Molybdenum...

Option to earn 100% of the $10.1 Billion in the ground resource.


And then the Maracas project in Brazil....

"a current resource of 11.8 million tonnes of open pit material at a diluted mineral resource grade of 1.44 per cent V2O5"

.......11,800,000 tonnes x 1.44% = 169,920 tonnes x 1000 = 169,920,000 kgs of Vanadium....

169,920,000 kgs x $43/kg $7.3 Billion worth of Vanadium.....

Option to earn 90% of the $7.3 Billion resource = 7.3*.9 = $6.6Billion....

Total of $16.7 Billion in the ground metal between the two properties.....