Total estimated capital requirements remain in the previously announced range of $1 billion to $1.08 billion; however, declining energy prices may help lower energy-related items of the capital estimate, including freight charges and pre-stripping costs. The Nevada Division of Water Resources is expected to approve the transfer of the water rights for these locations to General Moly and the change from agricultural use to mining and milling use in the first quarter of 2009.
General Moly Says Mt. Hope on Track for Late 2010 Start Anonymous Engineering and Mining Journal; Dec 2008; 209, 10; Docstoc pg. 10 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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