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Abstract
"The current financial market distress does not impact the real fundamentals of the Ruby Creek Project. The molybdenum price and demand are solid, and project costs are well controlled by the early ordering of the major pieces of process equipment. The Project remains economically sound and robust, environmentally sustainable, and socially acceptable." says Michael MacLeod, President and CEO. "Since receipt of the Special Use Permit on November 7, 2007 and the Pre-Construction Mines Act Permit on December 21, 2007; upgrading the road to accommodate highway traffic, including installation of a bridge spanning Boulder Creek, from the Surprise Lake Bridge to the Project site has been completed."