Replies to post #391654 on Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

Looks like moly is now 37.50 per pound.
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Cool!

Confirmed by Roca as well...... though chart isn't updated yet.


Base Metals Prices

13-May-05 Last Change

 
 Aluminum Aly, $/mt (lme)  
   1,562.50 -32.50  
 Chromium, AL 99% $/ton  
   6,700.00 0.00  
 Copper, Grd A, $/mt (lme)  
   3,284.50 -46.50  
 Lead, Std, $/mt (lme)  
   972.00 -18.50  
 Moly Roasted $/lb  
   37.50 0.00  
 Moly, Western 65% $/KG  
   93.00 0.00  
 Moly, Chinese 60% $/KG  
   84.50 0.00  
 Nickel, Cash $/MT (lme)  
   17,747.50 492.50  
 Tin, $/mt (lme)  
   8,162.50 -75.00  
 Zinc, SHG, $/mt (lme)  
   1,225.00 -39.50  
 

http://www.rocamines.com/s/CurrentMetalPrices.asp

[basserdan]

*** Moly related post (GPXM) ***

Looks like moly is now 37.50 per pound.
===============================================================

Hi Doc,
Have you seen this interesting projection (on Stockhouse's GPXM board) using the $37.50 per pound price. Bolded/underlined for emphasis.


"Detailed underground work done in association with the bulk-sampling program has resulted in a high confidence level and a finely detailed understanding of the mineralized material in this portion of the deposit. The Sylvia Vein is well understood to be over 800 feet in length, a minimum of 4.5 feet in thickness, and to extend at least 300 feet down the dip of the structure. This mineralization remains open to further exploration along its trace to the north, to the south, and at depth.

The highest-grade section of the vein, measuring 200 feet in length, has been adjusted for an anticipated 30% mine dilution and is calculated to contain 21,550 tons of mineralized material grading 5.8% Mo.

Metallurgical testing indicates an expected process-recovery-factor of 85%, suggesting that this 200-foot section of the deposit hosts approximately 2,125,000 pounds of potentially recoverable Mo.

Now 2,125,000 x 37.50 = $79,687,500.00, and that is just a 200 ft section.

Market cap of $24,000,000 for GPXM just doesnt cut it.Wont stay there long IMHO"

http://www.stockhouse.com/bullboards/viewmessage.asp?no=9657281&t=0&all=0&TableID=0
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Presuming GPXM will receive the necessary OK on the remaining permitting apps in some semblance of a reasonable time frame, their situation now looks to me to be as promising as a mega bagger return as anything I've seen since Novagold came into focus a couple of years ago.

And not to suggest that the following posts found on the RB GPXM board will prove to be especially prescient, they do afford us a stoop shouldered squinting peek w/r to what we can possibly look forward to at some future points in time..... <vbg>

Btw and fyi, "Subman" is now employed as the GPXM IR person.


"Subman is giving us all time to stock up before all the news comes out in the next two weeks. Oh, it's going to be dramatic -

1. Website Launch
2. Permitting announcement
3. Terms of financing announcement
4. Construction announcement

Stockprice: $0.30 by June 3."

http://ragingbull.lycos.com/mboard/boards.cgi?board=GPXM&read=17317

and

"Oh did I forget number 5? 'Initiation of mining' announcement. And before long, 6: stockpile update. And of course by September, 7: Mill operating update and 8: supersack sale. Then of course will come 9: Regular revenue report and 10: Discovery of additional mineral deposits at Ashdown. That will lead to 11: Extended mining program.

The company won't have to announce the stockprice hitting $5.00. We'll all know about that already."

http://ragingbull.lycos.com/mboard/boards.cgi?board=GPXM&read=17319