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Quadra - An Update

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6

April 03, 2007 – Comments (0)

As stated in previous posts, Quadra is going to have big earnings for 2007.  Quadra made a hedge on the wrong side and it cost them $144 million in derivative losses. 

 But Quadra is moving forward.  They recently entered purchase agreement for a large molydenum property with good grades of molybdenum.  The graph shows the size of the Malmbjerg deposit relative to other deposits.

 

 The tables below show the actual break down of the Malmbjerg deposit.  The deposit as a whole has an average of 2.6 lbs of molydenum per ton.  Using a 0.2% MoS2 cut off it averages 3.2 lbs/ton for over 300 million pounds of molybdenum.

Malmbjerg Deposit - Measured Mineral Resources

                           
Cut-off
(% MoS2)
Tonnage
(tonnes)
Grade
(% MoS2)
Million lbs
Molybdenum
Avg # lbs
moly/ton
cut-off # lbs
moly/ton
0.286,900,0000.311 28.3 4.113.70
0.2611,700,0000.29345.33.873.43
0.2421,700,0000.27378.23.603.17
0.2230,500,0000.261105.13.452.90
0.2037,300,0000.252124.13.332.64
0.1548,800,0000.234 150.73.091.98
0.1252,900,0000.226 157.82.981.58


Malmbjerg Deposit - Indicated Mineral Resources
                           
Cut-off
(% MoS2)
Tonnage
(tonnes)
Grade
(% MoS2)
Million lbs
Molybdenum
Avg # lbs
moly/ton
cut-off # lbs
moly/ton
0.286,400,0000.301 25.4 3.973.70
0.2613,100,0000.28549.33.763.43
0.2423,600,0000.26983.83.553.17
0.2239,100,0000.253130.63.342.90
0.2060,600,0000.238190.43.142.64
0.15124,300,0000.206 338.02.721.98
0.12163,900,0000.188 406.72.481.58



Malmbjerg Deposit - Measured and Indicated Mineral Resources
                           
Cut-off
(% MoS2)
Tonnage
(tonnes)
Grade
(% MoS2)
Million lbs
Molybdenum
Avg # lbs
moly/ton
cut-off # lbs
moly/ton
0.2813,300,0000.306 53.7 4.043.70
0.2624,800,0000.28994.63.813.43
0.2445,300,0000.271162.03.583.17
0.2269,500,0000.257235.83.392.90
0.2097,900,0000.243314.03.212.64
0.15173,100,0000.214 489.02.821.98
0.12216,800,0000.198 566.62.611.58

 

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