From Investors Digest:

Mosquito announced a new N1-43-101 compliant independent mineral-resource estimate for the company's Cumo porphyry molybdenum/copper deposit in Idaho. The new calculation shows that the deposit contains 4.12 billion pounds of molybdenum oxide, 5.87 billion pounds of copper, 253.5 million ounces of silver and 302.8 million pounds of tungsten within an indicated and inferred mineral resource of 3.96 billion tons. The results are an improvement over the 2008 resource estimate, with a 43% increase in molybdenum oxide, 72% increase in copper, 69 % increase in silver and 63% increase in tungsten. In addition the results cover only a portion of the mineralized system identified to date.

The positive results of the new resource estimate on the Cumo property further support our opinion that the company's stock is significantly undervalued.