James West
Tosca Resources
TSQ-CN
BUY
Mar 05, 2012
A bunch of Moly/copper projects that are feasibility waiting for financing, which have all got a billion-dollar price tag in terms of CapX to get them into production. This one can move their project forward at about one third the cost. At $15 moly, huge project and a low CapX, it is going to make money and will move forward. Located in Texas.
Interesting. Moly deposit with Copper on top of it in Texas. Grade is marginal, but doable. Geometry is such that a higher-grade portion could be mined. He is going to look at it a bit more in the future.