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Development Forecast Mosquito intends to proceed with the orderly development in order to turn the CUMO Project into an operating world-class molybdenum mine. The goal is to produce a bankable feasibility study for the project within the next 3 to 4 years. This will involve additional drilling, environmental, engineering and metallurgical work. All mine design and engineering will be done to ensure a minimal environmental impact of the CUMO Mine on the environment. At this time there are no un-addressable environmental problems been indentified. Tailings, waste dumps and the mine foot print are relatively small, compared to the area of existing disturbance and in fact the mine development should lead to an overall improvement in the environment rather than a degradation. Immediate plans for the CUMO deposit are, to use the recent resource numbers in an independent Preliminary Economic Assessment(scoping/sizing study) produced by a major engineering company at various production rates ranging from 50,000 to 200,000 tons per day to establish economic viability. Following that the 2009 drill program will be used to fill-in any gaps in the existing resource, convert inferred to indicated and measured, and to drill in those areas of blocks not calculated in the resource. At the same time engineering and environmental work will commence. | |  | | |
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