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Dear shareholder,
Thank you for you inquiry. Work by previous operators outlined an indicated resource of 92,873,000 tonnes grading 0.083% Mo containing 169.9 millions lbs. of molybdenum and an inferred resource of 84,221,000 tonnes grading 0.076% Mo containing 141.1 million lbs. of molybdenum (P&E Mining Consultants Inc., January 2008). A new resource calculation will be undertaken by Mine Development Associates (MDA) of Reno, Nevada and it is expected to be completed by September 2008.
Regards,
AGORACOM Investor Relations
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