The outstanding groundwater issues are being resolved by an expert team on the supplemental Environmental Assessment (EA) to address issues in the previously granted EA permit.
CuMoCo has one remaining drill hole from the 2012 drilling program to analyze and results should be available before the end of April. At that time, results for all drill holes will be released.
CuMoCo is planning and initiating the work to determine the methodology, sample protocols and reporting procedures for the environmental baseline work that is required for a Feasibility Study. All data collected will be fully documented, supported and backed by the various regulatory agencies.
The cream will rise to the top! The lower prices of molybdenum make many of the high- cost producers unprofitable at the current prices of $11 to $12 a pound. In contrast, the CuMo Project, with its projected operating costs at less than $4 a pound, can be profitable.
Thank you for your continued interest and support of CuMoCo and the CuMo Project. We look forward to continuing to provide you with corporate updates and news.
Shaun Dykes M. Sc. (Eng.), P.Geo