Price of molybdenum (1 month)
Molybdenum (Mo) is used for production of stainless steel and high performance steel.
Mt Hope Project
1.3 billion lbs of molybdenum
NPV of $1.2 billion at molybdenum price of $15/lb
NPV of $2.1 billion at molybdenum price of $20/lb
Mine life is 44 years
Cash cost is estimated at $5.29/lb, after tax and royalty
Production estimated at 40 million lbs/year.
739 million lbs of molybdenum and 893 million lbs of copper
NPV of $538 million at molybdenum price of $15/lb
Mine life is 42 years
Cash cost is estimated at $5.70/lb after tax and royalty
Production estimated at 20 million lbs of molybdenum/year and 17 million lbs of copper/year
Company website: http://www.generalmoly.com/
Outstanding shares 91 million (to increase to 111 million after completing transaction with Hanlong)
Price of molybdenum (Mo) is $14.18/lb
Price of copper (Cu) is $3.83/lb
Share price of GMO is $3.24
GMO is confident that it can begin production at Mt Hope at end 2012.
Jun. 14, 2012--
General Moly, Inc. (the "Company") (NYSE MKT and TSX: GMO) today, announced that a Nevada State District Court ("the Court") issued its Order affirming the Nevada State Engineer's ("the NSE") Ruling of July 2011 approving the Mt. Hope Project's water rights and the NSE's December 2011 and January 2012 issuance of water permits for the Mt. Hope Project.