An interesting research paper from 2014 on the potential use of molybdenum disulphide in future battery use
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Lithium ion battery applications of molybdenum disulfide (MoS2) nanocompositesâ€
pubs.rsc.org
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Molybdenum price currently US$18.59/lb, continuing to trade in the US$18 - $20 / lb range.
With US/CDN exchange rate of $1.2725 close on Friday, the Ruby Creek Project's moly deposit in-ground value is still worth about C$11 Billion :
US$18.59 X $1.2725 X 462,000,000 lbs = C$10,928,968,050
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Shouldn't be too much longer before we hear from the company regarding the updated resource estimate being completed by Mine Development Associates. Probably early in the new year ..???
With a current resource estimate in hand, Stuhini share price could start reflecting a higher valuation .... ie ... 1% of the known resource value of the molybdenum deposit.
A feasibilty study could improve the valuation even further .... up to about 3% of the resource value .... recall former operator of the Ruby Creek Project, Adanac Molybdenum Corp once had a +$300 million market cap.
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The Annual General Meeting is early this upcoming week .... hopefully we'll start getting some reports on the exploration work the company did this summer for gold and silver targets also on the Ruby Creek Project.
Company should be issuing 1,750,000 shares and a paying a bit of cash to co-founder Barry Hanslit in December with regards to the scaled payments for the vending of the Ruby Creek Project assets into the company a couple years ago. This would put the outstanding shares of Stuhini Exploration around 26 million shares.
1% of C$11 Billion / 26 million shares = $4.23
3% of C$11 Billion / 26 million shares = $12.69
The Ruby Creek moly deposit could be much larger yet, based on the last dill holes at the extreme western
edge of the resource defined by Adanac Moly Corp more than a decade ago.
Stuhini Exploration market cap is only :
24,162,776 shares O/S X C$0.55 = C$13.29 million
If Stuhini were to sell the Ruby Creek moly asset for only 1% of the current in-ground value of the deposit, there would be a good chunk of money to pass along to the shareholders and sink into a couple of good exploration drilling campaigns on their Yukon Territories Que Project and the more recently acquired South Thompson Nickel Belt and Revelstoke properties.
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With this year's accumulation and stock piling of moly by China, the metal appears to have established a new price range of US$18.00 - US$20.00 / lb .
After hitting US$20.03 on May 15, the price pulled back to $US$17.84 on July 23. On Sept 2 and 3 closed moly again broke through $20.00 / lb to close at $20.05 / lb, then pulled back to US$18.40 / lb on Oct 4 before starting to rise again and currently trading at US$19.13 / lb.
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Molybdenum quote :
lme.com
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GLTA !
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