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Gold/Mining/Energy : Stuhini Exploration

STU.V 0.150

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Nov 4 2:11 PM EST

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From: pstad60	5/2/2021 10:35:05 PM
	of 134

The April Zoom webinar is now available on the Stuhini website: stuhini.com There was some brief mention, at least in the afternoon session that I sat in on, about the possibility of taking another look at the moly deposit and updating the historical feasibilty study to current status. I would imagine that Stuhini management can't really comment too much on Adanac Molybdenum Corporation's Feasibility Study from 2007, but if anyone is interested in going back and reading through it, the study that Adanac used to make their decision to go ahead with mine development and production is still available on the SEDAR.com website. That decision was made just before the collapse in moly prices from the US$34 level in 2008/09. Moly prices have recently strengthened to +US$11.00, and were as high as US$12.00 in March, up from US$6.00 levels in 2020. So Ruby Creek holds at least $4.5 billion worth of moly at Ruby Creek in the present price environment. It would be quite interesting to see what the current costs and price sensitivities would be for the Ruby Creek moly deposit using today's cost metrics and mineral price .... if the company were to decide to spend the money to bring the study up to current day from historical . GLTA !

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