Molybdenum prices have been consolidating the recent months' gains after hitting +US$20.00 / lb
a month ago on June 6 2021.
At US$18.75 / lb X $1.2350 exchange rate X 461,630,000 lbs of moly = Cdn$10,689,619,687 in
ground value.
Over Cdn$10 Billion worth of metal.
Once Stuhini completes their recently announced financing, the company should have just over
24 million shares if/when the private placement is fully subscribed.
If Stuhini were to sell the project for even 1% of the value of the known historic resources in the
deposit, the share price value would be the equivalent of roughly C$4.50 per share.
Hopefully, the company will decide to update the historic Adanac Molybdenum Corp resource
estimate to bring the deposit up to current 43-101 compliance, and allow management to more
freely discuss the potential economic value of the moly deposit with investors. We should find
out in the coming weeks.
Not to take away from the other assets the company has in its land holdings, but the value of the
Ruby Creek molybdenum deposit is pretty much going to be the driving force at the present time.
The recent acquisition of the nickel exploration properties in Manitoba look like a promising deal for
little cost, and the past year's reported silver and gold sampling has been exceptional at other areas
of the Ruby Creek project, with the potential for some exploration drilling beginning later this year.
lme.com
Data valid for 9 July 2021
LME CLOSING PRICES, US$ PER POUND
CONTRACT ...................................................................................................PRICE
|
| Month 1 | 18.72 | | Month 2 | 18.75 | | Month 3 | 18.75 | | Month 6 | 18.75 | | Month 12 | 18.75 | | Month 15 | 18.75 |
GLTA ! |
