2021 Stock Picking Contest Message Board

STOCKTALK

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Gold/Mining/Energy : 2021 Stock Picking Contest

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From: pstad60	8/24/2021 4:08:34 PM
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Just wondering if any of the 2021 stock picks here have any molybdenum exposure ? Anyone been following the price of moly this year ? It started the year at US$10 / lb and hit US$20 / lb in mid-June, pulled back to the US$17.50 level and is now climbing back to the US$20.00 range again. I've been accumulating shares of a company that owns the former Adanac Molybdenum Corp's Ruby Creek moly deposit that contains about 462 million pounds with a 0.04% grade cut-off. Current in ground value of that moly deposit is about C$11.5 Billion. Subject 60183 Eric Sprott has particpated in all of the company's financings including adding another 500,000 shares at $0.50 a couple months ago. Only 24 million shares outstanding with $2.5 million cash currently on hand. Appears to be a decent spec play ? Or not ... ?

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