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Message: Molybdenum - The big Secret

A few of you on this hub have asked me if I know anything about Moly. A bit. Its very dirty stuff to mine, a bit like graphite, slippery and very fine in texture. Also if you mine it for 4 years like I did, it takes 2years to get out of every pore it got into when you mined it. It is used extensively in the tool industry to harden steel, as well as used as a catalyst to gasify/liquify coal. It was $20 per pound the last I looked, but was as high as $34 per pound when St Elias was was doing the due dilligence on the Carmi project. I am sure there is a lot more info about it as our Hub leaders and others will probably add, but one article from 2005, and you can GOOGLE the title, "Molybdenum The Big Secret" by Ken Resler, is a great read. Another thing is, when I mined the stuff at Brenda mines in 1975, it sold for $12 per pound. Now it is $20 per pound. Brenda mined it at .03% moly and Carmi has moly from .11% up to as high as .57%. That is one hell of an increase in ore quality, which relates to not having to remove so much overburden, or crush so much rock to get the paydirt to the market. We have a 43101 that states that there are 80 million pounds of moly there so just multipy that times $20 per pound and see what you come up with. Brenda mines made over 2 billion dollars at .03% so what can we make at .11 to.57%. My calculations say $1,600,000,000 or one billion 600 million dollars. Just the NSR of1.5% gives us 24 million dollars,never mind the 3.5 million common shares we own in common stock of HI HO Silver. So, that is pretty much all this 62 year old brain can muster up about Moly, and my numbers can probably stand some corrections, but it is my opinion that we have this and many other sleeper projects besides Tesoro that Lori has on the shelf. This is possibly why she may not get us more reports than she does, as quick as some would like. Just a little more food for thought. Rinky

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