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Mike Gold

10/15/08 7:02 AM

#5083 RE: Mike Gold #5082

Chart of Moly over the last 15 years:

http://www.infomine.com/investment/metalschart.asp?c=molybdenum&u=lb&submit1=Display+Chart&x=usd&r=15y

A couple of simple calculations:

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.