Molybdenum prices continue to strengthen :
Stuhini Exploration's current market cap is :
24,113,840 shares outstanding X $0.55 = C$13,262,612
.
Using the May 2009 historic Adanac Molybdenum Corp. resource estimate produced by Golder
Associates, the current value of the Ruby Creek moly deposit using an 0.04% grade cut-off :
462 million lbs X US$19.53 / lb X $1.2680 exchange rate = C$11,440,986,480
.
Link to the historical Adanac Molybdenum resource estimate:
adanacmoly.com
Hopefully we will be hearing something soon about Stuhini's decision to update the Ruby Creek moly resource to current 43-101 compliance.
.
If Stuhini were to sell their Ruby Creek moly deposit for just 1% of current in-ground value:
$114,409,864 / 24,113,840 shares = C$4.75 / share
.
Data valid for 20 August 2021
LME CLOSING PRICES, US$ PER POUND
CONTRACT PRICE |
| Month 1 | 19.24 | | Month 2 | 19.53 | | Month 3 | 19.53 | | Month 6 | 19.53 | | Month 12 | 19.53 | | Month 15 | 19.53 |
Data source :
lme.com
GLTA ! |
