Crowrea has potential as a solid grade long-term project with the current grades of moly. But when will this project ever make it to production? I said a while ago, if Larry Reaugh had the feeling that moly was going to be at current levels today, why did he stop drilling this project in the 90's? This project "should" be at or ahead of Adanac current project status.
Also Larry Reaugh wanted to find high grade (0.5-1% moly) at this deposit so he could start a small scale mine. The latest drill results arent that mega grade that he is looking for.
So we've waited 10 years for drilling to restart at Crowrea, then probably have to wait another 5+ years to move the project into production. So when will this company capitalize on moly prices?
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Larry Reaugh provides outlook on recent acquisition of 400K acre coal property
