RE:RE:RE:New Interview with Stuhini CEO Dave O'BrienTrumpThis,
It is good interview, sounds like Dave O'Brien, mg't and the directors continue prudently moving forward in their efforts to bring on a strategic partner to develop Ruby Creek. This moly deposit will be developed eventually, probably sooner than later. I get the impression from the intrrview that mg't is thinking it would be more prudent to have a strategic partner fund updated PEA and Environmental Studies. I do recall previous interviews with Dave O'Brien thinking a 20% initial entry for a potential partner, but at what price point could be negotiated ?
Moly prices are on the rise again with 2 thru 15 month contracts printing US$25.57 / lb as of close
on Friday.
https://www.lme.com/en/Metals/EV/LME-Molybdenum-Platts#Trading+day+summary During the time of the recording of the interview on August 3rd, moly prices were at US$23.18 / lb so there has been an increase in value of over C$1 billion in the known pit constrained moly resource at Ruby Creek in the past 10 days. Supply is pretty tight for moly, wouldn't be surprised to see moly prices settling above US$30.00 / lb in the not too distant future.
I've added another 70,000 shares at $0.24 to the collection over the past couple weeks, and will probably pick up some more at these depressed price levels in the near future.
GLTA !