1.They must have first option on used operational equipment , otherwise it would not be used in the report.

2. They will probably hedge the first 3 years of moly sales with a steel manufacture at the $25 /POUND
in exchange for moly supply going forward.

3. With the hedging above , the NPV will actually move to $2.5 billion with a total payback of
capex in 2 years flat using only 50 % of the cash flow!!! That is shown in the high case
scenario in the report.

4. Producing 60,000 tonnnes per day = about 30 milion pounds of moly for 25 years using
average grade 0.065%
thats a lot of money !!!!!

5. The numbers above are very very robust..... once capex is quickly paid off .. this stock
could easily hit $50 using a very low p/e ratio of 10

6. It is actually forecast that moly will hold the prices from market surveys and studies

of supply demand. Using $35 moly todays price the numbers only look astoundingly

better

7. With one good property this stock could surpass TCM , who seem to be running in

circles with various flawed mines and much higher capex costs.

8. It all comes down to profits per share and management has produced here big time

with first big strike success on initial venture!!!!

9. The resource has grown above 700 million pounds and the openess suggest
a billion pounds is just around the corner, anyway 25 to 31 years of mining is
all one anyone could ask for.

10. Bottom LINE , you have great value here up to at least $2.50/ share++ until an offer is made.


MM