At a more conservative 0.25% grade...which works out to 5 pounds of moly found in a ton of rock..that's a rather incredible $170 worth of mineralization per ton of rock. (Note: The moly mineralization contains copper credits as well. The moly is found at the surface-overburden not a problem.)
If we assume they we have 1% copper($2.35/lb) as the main component in the porphyry(20 lbs of copper per ton)..that works out to roughly $47 worth of mineralization per ton of rock. (Note: The copper is under more overburden.)
It should be obvious to everyone what the JV partner is going to go after first..the Moly.