Stuhini Exploration about more than just molybdenum
With the Ruby Creek moly deposit being their flagship asset, keep an eye on the molybdenum
futures contract prices continuing to move higher.
lme.com
Current 1 month contract : US$31.93 / lb
2 to 15 month contracts : US$33.67/ lb
US$33.67 X 477 million lbs = US$16,060,590,000 in ground value
or
US$33.67 X $1.34 exchange rate X 477 million lbs = C$21,521,190,600
At the current moly quote, just over C$215 billion in ground value for Stuhini's Ruby Creek "pit
constrained" 477 million lb moly resource
If Stuhini sold the deposit for only 1% of the inground value it would be roughly $215 million.
If all warrants were fully exercised there would be approx 43.8 million Stuhini shares outstanding
..... roughly C$4.90 per share in value at current moly price.
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If this were a gold deposit it would be equivalent to 8.3 million oz of gold:
US$16,060,590,000 / US$1920 / oz = 8,364,900 oz au deposit
If this were a silver deposit, it would be equivalent to almost 680 million oz of silver.
US$16,060,590,000 / US$23.65 / oz = 679,094,714 oz silver
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Stuhini Exploration is absurdly under priced for the underlying asset value of its known
molybdenum resource. The moly deposit is in all likelihood much larger.
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When Adanac Molybdenum Corp controlled this property, they had a market cap in excess
of C$300 million when moly prices were last at these levels in 2007-08.
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By comparison Stuhini's market cap is only C$18 million.
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The Ruby Creek moly deposit is very advanced. Adanac Moly Corp produced a Feasibility
Study in 2007, and subsequently obtained an $800 million credit facility to begin development
of a processing plant at Ruby Creek, just prior to the credit crisis in 2009. Moly prices collapsed,
placing Adanac into creditor protection and eventual bankruptcy. One of the co-founders of
Stuhini picked up the Ruby Creek Project and vended the property into Stuhini in 2019.
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Stuhini is not just a moly play, The Ruby Creek Project also hosts prospects for gold and silver
as well. The company also has another gold prospect, the Que project in southern Yukon, a zinc
play at their Big Ledge Project near Revelstoke B.C, a nickel prospect in the South Thompson
Nickel Belt of Manitoba, and some recently added gold, copper/gold prospects in Arizona.
The company has previously reported some extrememly high grade silver and gold samples
at other locations on their Ruby Creek project.
STUHINI EXPANDS ADERA ZONE TARGET AND SAMPLES UP TO 5681 G/T AG AT RUBY
CREEK ADERA CORRIDOR
stuhini.com
STUHINI EXPLORATION DISCOVERS NEW HIGH-GRADE SILVER MINERALIZATION,
SAMPLING UP TO 456 OZ/TONNE (14,179 G/T) SILVER
stuhini.com
STUHINI IDENTIFIES GOLD TARGET AREAS AT RUBY CREEK AND SAMPLES UP
TO 121 G/T GOLD
stuhini.com
STUHINI IDENTIFIES NATIVE GOLD WITH COPPER, SILVER AND TUNGSTEN IN BOTH
HISTORICAL DRILLING AND CURRENT SURFACE SAMPLING WITHIN THE SURPRISE
LAKE BATHOLITH, ATLIN, BC, CANADA
stuhini.com
STUHINI IDENTIFIES HIGH-GRADE SILVER MINERALIZATION AT SILVER SURPRISE
AND DAYBREAK, SAMPLING UP TO 16,030 G/T SILVER
stuhini.com
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CEO Dave O'Brien has mentioned in a couple of interviews in 2022 that he would like to spin
off the molybdenum project into a separate entity and form a new exploration company with
the remaining highly prospective areas of Ruby Creek, and their other projects.
Stuhini Exploration (STU) - Focus on World Class Molybdenum Project
youtube.com
Talk about splittng the company up begins around the 6 minute mark until 12 minutes .
Stuhini Exploration (STU) - Technical Analysis & Due Diligence
youtube.com
Discussion of spinning off the moly deposit off from the rest of the exploration assets occurs
in a couple of places, first mention is around the 2:45 mark, the more in-depth discussion of
a plan of arrangement / spin off / strategic partnership begins around the 44 minute mark.
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GLTA ! |
