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Gold/Mining/Energy : Stuhini Exploration

STU.V 0.160

-3.0%

Oct 31 9:30 AM EST

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From: pstad60	12/10/2022 12:22:27 PM
	of 134

Molybdenum Price at 13 year high Moly has been moving back up over the past few months after pulling back from US$20 / lb earlier this year. Current quote US$23.78 / lb for the one month contract US$22.71 / lb for the 2 - 15 month contract lme.com US$22.71 × $1.365 exchange x 478 million lb pit constrained resource = C$14.8 Billion in situ value for the Ruby Creek moly deposit. With Zijin Mining purchasing the world's largest pure moly deposit (Shapinggou) a couple months ago at an approx price of US$0.16 / lb or C$0.215 / lb. ..... which would equate to just over C$100 million for the Ruby Creek moly deposit .... the market now has a known price for a pure moly deposit. After the current private placement closes and this year's option payment for Ruby Creek is made, Stuhini will have a little over 35 million shares outstanding and just under 3 million warrants exercisable at $0.60 and $0.35. Some major miner is going to buy out the Ruby Creek deposit sooner or later, or at least come in as a strategic investor. Eric Sprott doesn't miss too many good opportunities ...... adding to his already significant position with Stuhini in the current private placement speaks volumes. stuhini.com GLTA !

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