oredigging's Profile
oredigging's Posts
At current metal prices, 650 million pounds of moly equate roughly 22 million ounces of gold.
KRY.TO (a company considered undervalued due to political risk) has about 21 million ounces of gold and is worth 540 million. TTQ is worth 70 million, 13% of KRY, despite that their metal-in-ground values are about equal.
Click on the link below. Fast forward to 33:50.
http://broadband.bnn.ca/bnn/?id=2166&vid=33039
Technical analysis says it may break out either way, up a few dollars or down to 80 cents. Please check it out.
1 tonne = 2204 lb.
0.1% = 2.204 lb.
$35.00 x 2.204 lb.= $77.14 per tonne.
Please check the third paragraph. Quote: 0.1% molybdenum equates to 224 lbs of the metal in one tonne of ore. A quick bit of maths puts a value of nearly US$8,000 on each tonne of ore in the ground. My calculation is 1 tonne = 2204 lb.0.1% = 2.204 lb. $35.00 x 2.204 lb.= $77.14 per tonne. How come US$8,000 on each tonne of ore in the ground? Correct me if I am wrong. Thanks.