CAPITAL MARKETS

Ruby moly numbers for Adanac

ADANAC Moly has completed a preliminary feasibility study for its Ruby Creek molybdenum project in Canada indicating a capital cost of $C414 million, with first production flagged for late 2007.

Ben Sharples
Ruby moly numbers for Adanac

The Ruby Creek project currently has a resource of 205.1 million tonnes at 0.062% molybdenum, with a mine life of 22 years. Adanac is eyeing production of 176.4 million pounds of molybdenum in concentrate...

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