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Advanced tungsten - molybdenum - copper resources.

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Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

Message: In Ground Values

In Ground Values

posted on Jun 05, 2008 02:46PM

Just my simple calculation, assuming a threshold of .125 % WO3 Equivalent.

Measured & Indicated

199 Mio lbs W * 12 $ = 2.388 Billion $

75 Mio lbs Mo * 30 $ = 2.25 Billion $

Total M&I 4.638 Billion $

Inferred

88 Mio lbs W * 12 $ = 1.056 Billion $

44 Mio lbs Mo * 30 $ = 1.32 Billion $

Total Inferred 2.376 Billion $

Thats an In Ground Value of 4.5 Billion $. With a recovery of 80 %, it is about 3.5 Billion $.

Risk:

- I have no idea on costs.

- Metal prices are current. They could go down.

Any comments and corrections are highly appreciated.

dr



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