Just did some sums using today's KMN quarterly and they seem outstanding, bearing in mind that the rich molybdenum zone is near surface and could be mined by open pit down to 500M. Nearly 3 billion $$$$$ of contained metal:
28,000 t Mo...........$1.7B 2,326,300 oz Re.......$770m 67,900 t Cu...........$271M 108,500 oz Au.........$76M Total...$2.8B
Pretty respectable numbers to start with and, as you say, who knows what underlies the existing orebody. Hole K106A also intercepted 20g/t of Ag over 7.65 mt which is interesting. Maybe this will turn into a monster like Cerro del Gallo, only high grade. I was going to post this under KMN also but didn't want to be accused of ramping lol.
Cheers,
Please DYOR. I know you will.
SMD Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held