RE:RE:RE:Great Zoom Webinar today by CEO Dave & Geo EhsanThe April Zoom webinar is now available on the Stuhini website:
https://www.stuhini.com/media As mentioned, there was some brief mention, at least in the afternoon session, about the possibility of taking another look at the moly deposit and updating the historical feasibilty
study to current status.
I would imagine that Stuhini management can't really comment too much on Adanac Molybdenum Corporation's Feasibility Study from 2007, but if anyone is interested in going back and reading through it, the study that Adanac used to make their decision to go ahead with mine development and production is still available on the SEDAR.com website. That decisio nwas made just hefore the collapse in moly prices from the $34 level in 2008/09.
Moly prices have recently strengthened to +US$11.00, and were as high as US$12.00 in March, up from US$6.00 levels in 2020.
At least $4.5 billion worth of moly at Ruby Creek in the present price environment. It would be quite interesting to see what current costs and price sensitivities would be for the Ruby Creek deposit using today's cost metrics and moly prices .... if the company were to decide to spend the money to bring the study up to current day from historical .
GLTA !