The Conversation (0)
American CuMo Mining (TSXV:MLY) was featured in the July 5th edition of Mining Journal – a London, UK based weekly newspaper covering all aspects of the global mining industry, from grassroots exploration, through financing and development, to production and marketing.
As quoted in the article:
The cost structure of the CuMo Project separates it from competitors. This can be seen in the production-cost graph. Low cost of production is a critical element in any mining project, and CuMo has the capability of being an extremely low-cost producer. The other advantage is location. Idaho has a long history of mining and an existing molybdenum mine. It is in a politically stable area and close to existing infrastructure. The CuMo Project has two distinct layers of mineralisation:
- The upper half contains higher grades of silver and copper compared to molybdenum;
- The lower half is rich in molybdenum, with lower grades of silver and copper.
The total recoverable value of both layers is what gives the CuMo Project such excellent economic potential. An independent NI 43-101 preliminary economic analysis prepared in 2009 by Ausenco points to the project’s potential of becoming the world’s lowest-cost Mo producer.
Click here to read the full article
Click here to see the American CuMo Mining (TSXV:MLY) profile.