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Molycor Gold Corp. (TSXV:MOR,FWB:M1V) is pleased to report the Company has received a paper from Alpha Omega Engineering Inc. of Spokane, Washington, USA, titled “A Discussion Paper for Potential Areas of Improvement within Molycor Gold Corporation’s Tami-Mosi Magnesium Project and Possible Effects upon Projected Profitability dated October 17, 2011.
As quoted in the press release:
The Paper suggests additional potential savings in cost reductions to the current NI 43-101 $1.28 cost per pound of magnesium produced.
This Paper is predicated on Section 26, “Opportunities” of the newly completed NI 43-101 Preliminary Economic Assessment Report (PEA) carried out by Wardrop (A Tetra Tech Company) September 15, 2011. The Paper is an expansion of these opportunities that quantify the possible impact on the profitability should any of the operation changes be proved viable. The Paper identifies three main areas which offer the best potential to incrementally decrease the operating cost. These areas are operational changes that either increase productivity or decrease cost, energy cost savings through energy recovery and the elimination of waste disposal costs.
Additionally, the waste streams are potentially value added products which could be marketed and possibly increase the overall profitability as revenue for co-products.
Click here to read the Molycor Gold Corp. (TSXV:MOR,FWB:M1V) press release
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