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Stock Market & Financial Investment News

News Breaks
November 20, 2012
18:07 EDTGMOGeneral Moly announces receipt of reclamation permit for the Mt. Hope project
General announced that the State of Nevada Division of Environmental Protection, NDEP,has issued a Reclamation Permit for the Mt. Hope Project.
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July 25, 2014
08:04 EDTGMOGeneral Moly announces court order confirming BLM ROD project approval
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July 24, 2014
17:34 EDTGMOGeneral Moly updates Pre-Feasibility Study for Liberty Project
General Moly completed an updated Pre-Feasibility Study for its 100%-owned Liberty Project located 20 miles north of Tonopah, Nevada. Total capital costs to construct the project are estimated at $366M. Sustaining capital costs are estimated at $224M over the Liberty Projectís 32 year life of mine. For the first five full years of production: annual salable production of approximately 14.0M pounds of molybdenum and 7.5M pounds of copper per year is expected; average on-site cash costs of $6.32 per pound are expected; and total cash costs of $7.79 per pound are expected. The updated mine plan results in a total of 402M pounds of molybdenum and 308M pounds of copper to be produced during the LOM. The Liberty Project generates an after tax net present value at an 8% discount rate of $325M, and an internal rate of return of 17.4%.

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