RE:RE:Moly prices strengthening ....The last 43-101 resource calculation that Adanac Molybdenum Corp issued for the Ruby Creek moly deposit was posted on the SEDAR.com site on May 29, 2009.
Measured and Indicated Resources of 407,911,000 lbs grading 0.065%
and Inferred Resourdes reported as ..... 53,719,000 lbs grading 0.062 % Total M&I and Inferred Resources ...... 461,630,000 lbs
The appendix of the 2009 43-101 report shows some really good high grade numbers.
Adanac completed four resource calculations for the deposit. A Feasibility Study was issued in December 2007
which laid out estimated CAPEX of about C$640 million for mill construction
The operating costs for the first five years, using deisel generators for power, was estimated to be C$13.08 / tonne
The operating costs after five when years when the mill was to be hooked into the power grid was C$8.11 / tonne
Would have to reasonably assumeca significant increase in CAPEX for a mill in 2021 dollars and operating costs woul most likely be higher as well ..... however .... this deposit is getting closer to be economical as moly prices continye to rise.
US$14.23 /lb x $1.20 exchange rate = C$17.07 /lb
461,630,000 x US$14.23 = US$6,568,994,900
461,630,000 x C$17.07 = C$7,875,407,800
Just think, if Stuhini would be offered even 1% of the value of the in situ molybdenum deposit, the share price would be multiples higher.
ie ... 1% = $78,754,078 / 20 million O/S = $3.43 per share
hmmmmmm ...
Data valid for 24 May 2021
LME CLOSING PRICES, US$ PER POUND
| CONTRACT | PRICE |
| Month 1 | 13.27 |
| Month 2 | 14.23 |
| Month 3 | 14.23 |
| Month 6 | 14.23 |
| Month 12 | 14.23 |
| Month 15 | 14.23 |
Source for molybdenum quote :
https://www.lme.com/en-GB/Metals/Minor-metals/Molybdenum-Platts#tabIndex=0 GLTA !