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Answer Upon - Newest Moly Producer To Get Higher Metals Price
CRM--It is Not a Easy TaskCRM integrates people, process and technology to maximize relationship with all Customers. CRM is comprehensive approach that provides seamless coordination between all customer facings functions. CRM increasingly influence internet.But as I am going to mention below CRM exactly doesn't solve the customer queries or does it build relationship between customers and company in the long term relationship.CRM hasn't actually brought the sales teams, marketing departments, R&D, or customer service departments any closer to the customer at all! Technology is a poor substitute for the human voice and social interaction.Let me first tell you that there is a serious problem with the oxymoron Client Relationship Management. If Intimate loving families and friends find it difficult to manage their relationships how is a company that sees its clients only a few hours each year going to manage the relationship?Building layers of separation between the company and the client, software programs, auto responders, marketers, voice mail systems, web sites, and self serve check outs are the death of communication between a business and its clients. Most people won't try to navigate the tangle to tell you that they are dissatisfied, they will just leave...and you'll never know why because they won't leave a message on your voice mail a note.Marketing managers spend a lot of time gathering information on their customers, information that, unfortunately, is rarely analyzed and
StockInterview: The key to spectacular success at MAX really depends upon the results of your deep-hole exploration, hoping to the parallel the success of Phelps Dodge’s Henderson mine. When are you going to start this exploration?
Scott Broughton: We recently did a small financing to start an exploration program. That’s recognition that there is a very good geological target there for Roca to explore sooner rather than later. We’ll start that work as soon as we can locate a drill. I’m going to suggest right that’s on the order of about a month away. Drills in the industry are very hard to come by—they are very busy at the moment as are contractors and miners and anything involved in the mining business right now. I would say somewhere in the order of a month we will be starting the first drill hole subject to the availability of a drill.
StockInterview: How deep will you drill and how many holes do you plan to drill?
Scott Broughton: The target is on the order of 500 meters below our existing tunnel access. We’ll be drilling holes that are on the order of 600 to 800 meters deep to be tested initially. But some of those might also go up to 1,000 meters potentially. Without being too prescriptive about that, you might see us drill on the orde
There are thousands of articles, books and forum posts which showed that content is king in search engine optimization (SEO). In this article, you can find some ways that can help you improve this king content for your web site.* Content for people first, not for search engines - Some webmasters make a common mistake that they optimize everything for search engines but forget about web visitors. The goal of our website is not only to get high search rankings, but also to sell our service. So you should give your web visitors what they are really looking for. Make sure your content flows naturally and you're not just trying to stuff more keywords in the interest of search engines. If users don't find your content convincing they won't buy from you.* Studying popular search terms - High search engine ranking is meaningless if your website only ranks high on terms nobody searches for. You need to ask your colleagues, vendors, competitors, clients, ... or use online tools (e.g.: wordtracker.com) to identify what keywords which potential customers would use to search your web site, then try to use them often, in titles, and throughout the body.* Building article directory - How can you optimize the content if your web site only offers a simple service? It means there are just several pages in your whole website. So, to increase the content in quality you should write some articles, reviews which are related to your service. A site with more web pages means th
The small number of potentially selected Chinese molybdenum exporters, and falling Chinese exports, is bullish for the molybdenum price. The short-list signals the market that China’s much-feared ‘return’ to the moly market lacks the teeth many anticipated it could have. This fits in with speculation StockInterview discussed with Blue Pearl executive chairman Ian McDonald. In comments not previously published, McDonald told us, “If they (the Chinese) can produce it at $4/pound and can sell steel that has moly in it, they’ll make more money eventually selling the finished product.”
The Chinese export decision could provide a bonanza to the new breed of molybdenum producers in much the same way a tighter uranium supply market recently benefited uranium companies, especially those which moved their development projects into operating mines. Having previously interviewed Scott Broughton, chief executive of Roca Mines Inc (ROCAF), we requested a follow-up conversation to determine when the MAX underground molybdenum mine would commence operations.
Companies selling material into a strong commodities market are frequently rewarded with stronger investor interest. When Roca’s MAX molybdenum mine opens this year, it will be the first new metals mine to open in Canada’s British Columbia province in ten years.
StockInterview: You were delayed with your mine opening late last year. Can you explain what happened to cause the delay?
Scott Broughton: We had originally planned to be in production by the end of 2006. In November, we started to endure some pretty tough winter time conditions. We started off with a lot of rainfall and by the end of November it turned into a lot of snowfall. In fact, we had a record setting year in the area—there was a record total of 35 feet of snow that landed at Trout Lake, the nearest community to us. The bottom line for us was that we obviously had suffered delays as a result of that winter. We found ourselves in a situation where we could spend a lot of time, effort and money trying to fight a condition that was essentially out of our control.
StockInterview: Can you give us guidance as to a realistic mine opening and if you can still make your calendar year 2007 production targets?
Scott Broughton: We made an announcement in November that we were going to make some adjustments to our programs, our construction programs on the surface. The key one was that we were going to accelerate the installation of a second mill, ball mill in our concentrator. That was going to allow us to recover from a delayed start-up and still meet the production targets that we would like to meet for 2007. That’s really how we‘ve tried to resolve or tried to deal with the winter time delays that we’ve endured. In that regards, any real remaining obstacles to that, except that we are still in construction, we are still enjoying some winter time tough conditions though we can definitely see spring is on the horizon and most of our snow is melting away at the moment. We have 50 people working at the site, all working hard to make it come together. We are going to be very proud of it when it’s all bolted together, and it’s actually producing cash flow.
StockInterview: Is this going to be a problem next winter?
Scott Broughton: No, the issues for us were related to, again, the surface construction of the facility, the concentrator itself and also our tailing facility. Both of those areas once constructed, especially grow over time, but they don’t need to grow continuously. We definitely wouldn’t be planning or programming any of that kind of work to happen in the winter time period again.
StockInterview: What is the condition of your two circuits and are there any problems with either circuit?
Scott Broughton: The mill we acquired was a second-hand used mill that was rated for 1,000 ton/day. It was made up of two circuits, primarily described as two circuits, because what they were processing was a zinc and a lead concentrate at that site. That really was the reason for describing these as two separate circuits. At our site, we are reconfiguring that and using officially two ball mills and the remaining equipment that’s in that facility. Originally, we planned to set up one of the mills and that would get us to our 500 ton/day target. As I mentioned, we made a decision in November to accelerate – to expand by putting in both of those mills and getting up to what would be targeted as 1,000 ton/day as quickly as possible.
StockInterview: How do you define ‘as quickly as possible’?
Scott Broughton: I think we would expect both of those mills to be running shortly after the day that we commence production. We are aiming for middle of 2007.
StockInterview: Why are you adding a second tunnel to the underground mine?
Scott Broughton: There’s an analogy here to what we’ve done at the mill. When we encountered the delay, we realized there was an opportunity there to make up time and make up production in a robust molybdenum market. We do have a pretty significant lead time in developing a second underground access. It’s about a 9-month project for us. We decided to do it to facilitate a continuously operated 1,000 ton/day rate of production from the mine, but also to ease the existing bottlenecks and burdens we have on the underground operation.
StockInterview: What’s the benefit for adding a second tunnel?
Scott Broughton: My example or metaphor for what we are trying to achieve here is that we are trying to build at the moment a sailing ship inside of a bottle. When you try to build something inside of a bottle with only one opening, you are bound to have a number of challenges and a number of bottlenecks that might affect you. When we have a second adit, we will be able to have more ventilation forced through the underground workings of the underground mine. We will be able to have more equipment working underground. We will be able to have larger crews working underground. Our ability to move material from production mining will be that much more enhanced. Our cost will be lower. Moreover, we will have a better chance to do more of the underground development as time goes by. There’s a need to always be developing and building new accesses to new parts of the ore body. We need to always be developing this mine in parallel with the mine being production.
StockInterview: Will this lower production because of the increased construction?
Scott Broughton: It’s not going to affect our Phase I production. We’ve always described the development of this mine occurring in phases. Phase I was the first phase where we went in, we went in small, aggressively we minimized the capital cost to get into production. We are only going to mine the highest grade zone that is most easily accessed. That was going to get us into that cash flow scenario and thereby grow the mine and grow our company. There are plans for subsequent phases—we already talked about the 1,000 t/day scenario. That’s moving us towards what I would describe as a full Phase II up to and running a full 1,000 t/day on a continuously operated basis. Right now, what we are able to build is an underground mine that has roughly 500 ton/day of production capacity on a campaigned basis. Campaigning simply means there are periods when we are producing ore from the mine; other periods where we are only able to do development or exploration of material. The sooner we can get out of the campaigned approach and into the continuously operated 1,000 t/day mine, the better for us in terms of how much molybdenum we can produce. We could be out of the campaigned approach by early 2008 when we have the second adit.
StockInterview: The key to spectacular success at MAX really depends upon the results of your deep-hole exploration, hoping to the parallel the success of Phelps Dodge’s Henderson mine. When are you going to start this exploration?
Scott Broughton: We recently did a small financing to start an exploration program. That’s recognition that there is a very good geological target there for Roca to explore sooner rather than later. We’ll start that work as soon as we can locate a drill. I’m going to suggest right that’s on the order of about a month away. Drills in the industry are very hard to come by—they are very busy at the moment as are contractors and miners and anything involved in the mining business right now. I would say somewhere in the order of a month we will be starting the first drill hole subject to the availability of a drill.
StockInterview: How deep will you drill and how many holes do you plan to drill?
Scott Broughton: The target is on the order of 500 meters below our existing tunnel access. We’ll be drilling holes that are on the order of 600 to 800 meters deep to be tested initially. But some of those might also go up to 1,000 meters potentially. Without being too prescriptive about that, you might see us drill on the order
This is your first time to attend a corporate or business convention. You are quite amazed at how everything goes so smoothly and efficiently. You just cannot imagine how many people come and go about the place, and yet everything appears to be in order without anything out of place. You notice that there are no people running back and forth to make sure that the guests in this part of the hall are okay while trying to oversee if the group at the other end is having a good time.One good thing about business and corporate conventions is that these companies and business groups have the resources to plan conventions with hired help. And who are these hired helpers? For sure, they are not people who are also from the same company that is holding that convention. Don’t you dare imagine these corporate people trying to plan and prepare for a convention in advance while at the same time trying to run their huge companies and firms!Convention and event planning services are offered by several companies for those people who are too busy or too wracked up to plan and prepare for a huge event. These services employ a relatively huge amount of manpower so as to guarantee an orderly yet remarkable event, such as a convention or meeting.Companies offering convention event planning services take care of all the important details entailed by their clients for their events. The responsibility for many things and details are left in their hands: venue, decorations, invitations, publicity, food and drinks, reception, giveaway
Scott Broughton: We had originally planned to be in production by the end of 2006. In November, we started to endure some pretty tough winter time conditions. We started off with a lot of rainfall and by the end of November it turned into a lot of snowfall. In fact, we had a record setting year in the area—there was a record total of 35 feet of snow that landed at Trout Lake, the nearest community to us. The bottom line for us was that we obviously had suffered delays as a result of that winter. We found ourselves in a situation where we could spend a lot of time, effort and money trying to fight a condition that was essentially out of our control.
StockInterview: Can you give us guidance as to a realistic mine opening and if you can still make your calendar year 2007 production targets?
Scott Broughton: We made an announcement in November that we were going to make some adjustments to our programs, our construction programs on the surface. The key one was that we were going to accelerate the installation of a second mill, ball mill in our concentrator. That was going to allow us to recover from a delayed start-up and still meet the production targets that we would like to meet for 2007. That’s really how we‘ve tried to resolve or tried to deal with the winter time delays that we’ve endured. In that regards, any real remaining obstacles to that, except that we are still in construction, we are still enjoying some winter time tough conditions though we can definitely see spring is on the horizon and most of our snow is melting away at the moment. We have 50 people working at the site, all working hard to make it come together. We are going to be very proud of it when it’s all bolted together, and it’s actually producing cash flow.
StockInterview: Is this going to be a problem next winter?
Scott Broughton: No, the issues for us were related to, again, the surface construction of the facility, the concentrator itself and also our tailing facility. Both of those areas once constructed, especially grow over time, but they don’t need to grow continuously. We definitely wouldn’t be planning or programming any of that kind of work to happen in the winter time period again.
StockInterview: What is the condition of your two circuits and are there any problems with either circuit?
Scott Broughton: The mill we acquired was a second-hand used mill that was rated for 1,000 ton/day. It was made up of two circuits, primarily described as two circuits, because what they were processing was a zinc and a lead concentrate at that site. That really was the reason for describing these as two separate circuits. At our site, we are reconfiguring that and using officially two ball mills and the remaining equipment that’s in that facility. Originally, we planned to set up one of the mills and that would get us to our 500 ton/day target. As I mentioned, we made a decision in November to accelerate – to expand by putting in both of those mills and getting up to what would be targeted as 1,000 ton/day as quickly as possible.
StockInterview: How do you define ‘as quickly as possible’?
Scott Broughton: I think we would expect both of those mills to be running shortly after the day that we commence production. We are aiming for middle of 2007.
StockInterview: Why are you adding a second tunnel to the underground mine?
Scott Broughton: There’s an analogy here to what we’ve done at the mill. When we encountered the delay, we realized there was an opportunity there to make up time and make up production in a robust molybdenum market. We do have a pretty significant lead time in developing a second underground access. It’s about a 9-month project for us. We decided to do it to facilitate a continuously operated 1,000 ton/day rate of production from the mine, but also to ease the existing bottlenecks and burdens we have on the underground operation.
StockInterview: What’s the benefit for adding a second tunnel?
Scott Broughton: My example or metaphor for what we are trying to achieve here is that we are trying to build at the moment a sailing ship inside of a bottle. When you try to build something inside of a bottle with only one opening, you are bound to have a number of challenges and a number of bottlenecks that might affect you. When we have a second adit, we will be able to have more ventilation forced through the underground workings of the underground mine. We will be able to have more equipment working underground. We will be able to have larger crews working underground. Our ability to move material from production mining will be that much more enhanced. Our cost will be lower. Moreover, we will have a better chance to do more of the underground development as time goes by. There’s a need to always be developing and building new accesses to new parts of the ore body. We need to always be developing this mine in parallel with the mine being production.
StockInterview: Will this lower production because of the increased construction?
Scott Broughton: It’s not going to affect our Phase I production. We’ve always described the development of this mine occurring in phases. Phase I was the first phase where we went in, we went in small, aggressively we minimized the capital cost to get into production. We are only going to mine the highest grade zone that is most easily accessed. That was going to get us into that cash flow scenario and thereby grow the mine and grow our company. There are plans for subsequent phases—we already talked about the 1,000 t/day scenario. That’s moving us towards what I would describe as a full Phase II up to and running a full 1,000 t/day on a continuously operated basis. Right now, what we are able to build is an underground mine that has roughly 500 ton/day of production capacity on a campaigned basis. Campaigning simply means there are periods when we are producing ore from the mine; other periods where we are only able to do development or exploration of material. The sooner we can get out of the campaigned approach and into the continuously operated 1,000 t/day mine, the better for us in terms of how much molybdenum we can produce. We could be out of the campaigned approach by early 2008 when we have the second adit.
StockInterview: The key to spectacular success at MAX really depends upon the results of your deep-hole exploration, hoping to the parallel the success of Phelps Dodge’s Henderson mine. When are you going to start this exploration?
Scott Broughton: We recently did a small financing to start an exploration program. That’s recognition that there is a very good geological target there for Roca to explore sooner rather than later. We’ll start that work as soon as we can locate a drill. I’m going to suggest right that’s on the order of about a month away. Drills in the industry are very hard to come by—they are very busy at the moment as are contractors and miners and anything involved in the mining business right now. I would say somewhere in the order of a month we will be starting the first drill hole subject to the availability of a drill.
StockInterview: How deep will you drill and how many holes do you plan to drill?
Scott Broughton: The target is on the order of 500 meters below our existing tunnel access. We’ll be drilling holes that are on the order of 600 to 800 meters deep to be tested initially. But some of those might also go up to 1,000 meters potentially. Without being too prescriptive about that, you might see us drill on the orde
If you’re familiar with many trades and specific skill-sets and are looking at a way to earn additional income, starting a handyman business is a perfect idea. You’ll be able to be your own boss and appreciate the results of your hard work and craftsmanship. You will also be able to see the immediate impact your skill brings to a family or home that needs a problem fixed or new features added.However, starting a handyman business is not simply about building, fixing, and painting. There are several key factors that are necessary to help your handyman services business thrive and succeed.First and foremost, if you are seriously considering starting or running a handyman business, you must be skilled enough to perform good quality work at reasonable rates. Price is the main attraction for a lot of customers, until they see good work performed. After you’ve proven yourself, you’re able to charge a little bit more. If you’re not able to perform a variety of different tasks with skill and speed, running a handyman business may not work well for you.Secondly, you must make sure you get licensed in your state for any specific tasks. Paying the small fee upfront is much better than paying a large fine for performing electrical, HVAC, or other work as an unlicensed contractor. Also, have a contractor’s license shows your potential customers that you’re dedicated to your jobs and take matters seriously. Being fully licensed in your state for any tasks you may perform will definitely help the roughton: No, the issues for us were related to, again, the surface construction of the facility, the concentrator itself and also our tailing facility. Both of those areas once constructed, especially grow over time, but they don’t need to grow continuously. We definitely wouldn’t be planning or programming any of that kind of work to happen in the winter time period again.
StockInterview: What is the condition of your two circuits and are there any problems with either circuit?
Scott Broughton: The mill we acquired was a second-hand used mill that was rated for 1,000 ton/day. It was made up of two circuits, primarily described as two circuits, because what they were processing was a zinc and a lead concentrate at that site. That really was the reason for describing these as two separate circuits. At our site, we are reconfiguring that and using officially two ball mills and the remaining equipment that’s in that facility. Originally, we planned to set up one of the mills and that would get us to our 500 ton/day target. As I mentioned, we made a decision in November to accelerate – to expand by putting in both of those mills and getting up to what would be targeted as 1,000 ton/day as quickly as possible.
StockInterview: How do you define ‘as quickly as possible’?
Scott Broughton: I think we would expect both of those mills to be running shortly after the day that we commence production. We are aiming for middle of 2007.
StockInterview: Why are you adding a second tunnel to the underground mine?
Scott Broughton: There’s an analogy here to what we’ve done at the mill. When we encountered the delay, we realized there was an opportunity there to make up time and make up production in a robust molybdenum market. We do have a pretty significant lead time in developing a second underground access. It’s about a 9-month project for us. We decided to do it to facilitate a continuously operated 1,000 ton/day rate of production from the mine, but also to ease the existing bottlenecks and burdens we have on the underground operation.
StockInterview: What’s the benefit for adding a second tunnel?
Scott Broughton: My example or metaphor for what we are trying to achieve here is that we are trying to build at the moment a sailing ship inside of a bottle. When you try to build something inside of a bottle with only one opening, you are bound to have a number of challenges and a number of bottlenecks that might affect you. When we have a second adit, we will be able to have more ventilation forced through the underground workings of the underground mine. We will be able to have more equipment working underground. We will be able to have larger crews working underground. Our ability to move material from production mining will be that much more enhanced. Our cost will be lower. Moreover, we will have a better chance to do more of the underground development as time goes by. There’s a need to always be developing and building new accesses to new parts of the ore body. We need to always be developing this mine in parallel with the mine being production.
StockInterview: Will this lower production because of the increased construction?
Scott Broughton: It’s not going to affect our Phase I production. We’ve always described the development of this mine occurring in phases. Phase I was the first phase where we went in, we went in small, aggressively we minimized the capital cost to get into production. We are only going to mine the highest grade zone that is most easily accessed. That was going to get us into that cash flow scenario and thereby grow the mine and grow our company. There are plans for subsequent phases—we already talked about the 1,000 t/day scenario. That’s moving us towards what I would describe as a full Phase II up to and running a full 1,000 t/day on a continuously operated basis. Right now, what we are able to build is an underground mine that has roughly 500 ton/day of production capacity on a campaigned basis. Campaigning simply means there are periods when we are producing ore from the mine; other periods where we are only able to do development or exploration of material. The sooner we can get out of the campaigned approach and into the continuously operated 1,000 t/day mine, the better for us in terms of how much molybdenum we can produce. We could be out of the campaigned approach by early 2008 when we have the second adit.
StockInterview: The key to spectacular success at MAX really depends upon the results of your deep-hole exploration, hoping to the parallel the success of Phelps Dodge’s Henderson mine. When are you going to start this exploration?
Scott Broughton: We recently did a small financing to start an exploration program. That’s recognition that there is a very good geological target there for Roca to explore sooner rather than later. We’ll start that work as soon as we can locate a drill. I’m going to suggest right that’s on the order of about a month away. Drills in the industry are very hard to come by—they are very busy at the moment as are contractors and miners and anything involved in the mining business right now. I would say somewhere in the order of a month we will be starting the first drill hole subject to the availability of a drill.
StockInterview: How deep will you drill and how many holes do you plan to drill?
Scott Broughton: The target is on the order of 500 meters below our existing tunnel access. We’ll be drilling holes that are on the order of 600 to 800 meters deep to be tested initially. But some of those might also go up to 1,000 meters potentially. Without being too prescriptive about that, you might see us drill on the orde
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StockInterview: What’s the benefit for adding a second tunnel?
Scott Broughton: My example or metaphor for what we are trying to achieve here is that we are trying to build at the moment a sailing ship inside of a bottle. When you try to build something inside of a bottle with only one opening, you are bound to have a number of challenges and a number of bottlenecks that might affect you. When we have a second adit, we will be able to have more ventilation forced through the underground workings of the underground mine. We will be able to have more equipment working underground. We will be able to have larger crews working underground. Our ability to move material from production mining will be that much more enhanced. Our cost will be lower. Moreover, we will have a better chance to do more of the underground development as time goes by. There’s a need to always be developing and building new accesses to new parts of the ore body. We need to always be developing this mine in parallel with the mine being production.
StockInterview: Will this lower production because of the increased construction?
Scott Broughton: It’s not going to affect our Phase I production. We’ve always described the development of this mine occurring in phases. Phase I was the first phase where we went in, we went in small, aggressively we minimized the capital cost to get into production. We are only going to mine the highest grade zone that is most easily accessed. That was going to get us into that cash flow scenario and thereby grow the mine and grow our company. There are plans for subsequent phases—we already talked about the 1,000 t/day scenario. That’s moving us towards what I would describe as a full Phase II up to and running a full 1,000 t/day on a continuously operated basis. Right now, what we are able to build is an underground mine that has roughly 500 ton/day of production capacity on a campaigned basis. Campaigning simply means there are periods when we are producing ore from the mine; other periods where we are only able to do development or exploration of material. The sooner we can get out of the campaigned approach and into the continuously operated 1,000 t/day mine, the better for us in terms of how much molybdenum we can produce. We could be out of the campaigned approach by early 2008 when we have the second adit.
StockInterview: The key to spectacular success at MAX really depends upon the results of your deep-hole exploration, hoping to the parallel the success of Phelps Dodge’s Henderson mine. When are you going to start this exploration?
Scott Broughton: We recently did a small financing to start an exploration program. That’s recognition that there is a very good geological target there for Roca to explore sooner rather than later. We’ll start that work as soon as we can locate a drill. I’m going to suggest right that’s on the order of about a month away. Drills in the industry are very hard to come by—they are very busy at the moment as are contractors and miners and anything involved in the mining business right now. I would say somewhere in the order of a month we will be starting the first drill hole subject to the availability of a drill.
StockInterview: How deep will you drill and how many holes do you plan to drill?
Scott Broughton: The target is on the order of 500 meters below our existing tunnel access. We’ll be drilling holes that are on the order of 600 to 800 meters deep to be tested initially. But some of those might also go up to 1,000 meters potentially. Without being too prescriptive about that, you might see us drill on the orde
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StockInterview: The key to spectacular success at MAX really depends upon the results of your deep-hole exploration, hoping to the parallel the success of Phelps Dodge’s Henderson mine. When are you going to start this exploration?
Scott Broughton: We recently did a small financing to start an exploration program. That’s recognition that there is a very good geological target there for Roca to explore sooner rather than later. We’ll start that work as soon as we can locate a drill. I’m going to suggest right that’s on the order of about a month away. Drills in the industry are very hard to come by—they are very busy at the moment as are contractors and miners and anything involved in the mining business right now. I would say somewhere in the order of a month we will be starting the first drill hole subject to the availability of a drill.
StockInterview: How deep will you drill and how many holes do you plan to drill?
Scott Broughton: The target is on the order of 500 meters below our existing tunnel access. We’ll be drilling holes that are on the order of 600 to 800 meters deep to be tested initially. But some of those might also go up to 1,000 meters potentially. Without being too prescriptive about that, you might see us drill on the order of 10 holes that are targeted in that area. They will vary in their depth up to say about 1,000 meters.
StockInterview: How lengthy a drilling program do you expect?
Scott Broughton: It’s a results-dependent program. Most exploration is. The initial phase of what we can do, with the money we just raised, will probably take well into the fall period. It could be well into the fall before we have actual assay results. But in the interim, most of the mineralization at our site is easy to see and easy to spot. We’ll be making adjustments before we drill holes based upon what we discover in the first few.
StockInterview: Sounds like you’ll be busy for the rest of this year. With all of this construction and exploration, at what pace do you plan to mine to play catch up for this late start?
Scott Broughton: We’re building a 1,000 ton/day capacity in our mill. That’s giving us lots of flexibility. As I mentioned with that analogy of building a sailing ship inside a bottle, there’s going to be days when we can move from the underground mine up to 1,000 ton/day of ore, therefore, we have a mine and a mill that are synchronized if you will. There’s going to be other days when the mine might only be able to produce 500 ton/day. We’ll be on and off in that regard basically maximizing them as much as we can in the production. Obviously, we want to make as much molybdenum as we can for 2007 and our current targets are still three million pounds for 2007.
StockInterview: When do you plan on paying back your capital costs?
Scott Broughton: In reality, this company doesn’t have any debt. When we start production here, we all will be working for a company that doesn’t have any debt to service. In real terms, we will be paying back the amount that we’ve invested to date. It is a bit ambiguous but we will have spent on the order of C$20 million by the time we’ve built. Again, we’ve kind of overbuilt above our original Phase I plan. We should see that paid back on the order of months from the time of start-up.
StockInterview: What do you do with your profits, then, as it appears you’ll be profitable/
Scott Broughton: We have always described this mine as a company builder. Right now, in our space, the world is absolutely full of opportunities. You should see us in the near term doing some very tax-efficient things with respect to how we might be able to tackle other projects going forward. There’s the prospect of eventually paying dividends. Bottom line for us is that this is a company that has come up from nothing only a few short years ago. We are the company that has identified this asset and took it forward, built it on a really low budget, and it’s about to generate enormous cash flow. We’d love to be able to demonstrate doing that again to our shareholders.
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