RE: technically, the bottom should be closeHey Moly,
You make some good points but I think you mis-spoke some numbers on AUA's Ruby Creek.
From AUA's news release today, "...Ruby Creek molybdenum deposit, which currently has a National Instrument 43-101 compliant "measured and indicated" resource of 212.9 million tonnes grading 0.063% Mo at a 0.04% Mo cut-off..."
So they have really have 300 million lbs not 212.
Assuming UNB is serious about bringing Bald Butte to production, one thing I would love to see UNB do (besides the current drilling) is to put out a timeline to production similar to the one AUA has had for years. I have asked Duncan to do this several times when we have spoken. The problem with this is that Duncan is not a geologist or even a mining guy, which as you well know has caused problems with previous time lines being missed after being announced. Besides, he probably still thinks I'm you, D'oh!!
Unless he could put aside his ego and bring in a top notch guy to run the mining development/operational part of the company and make and publicise decent projections, it wont happen.
This all leads me to believe that Duncan is following the path he knows best and that is a finance path. That is, he is going to do what is needed to be done to build value the best he can and then flip the project to the highest bidder. If so, then at least he has two fantastic, really outstanding Moly projects to prove up and vend.
Could be part of why they want to dump the 'Development' part of the company name. I dont really care which way they go as long as we see the share price climb. It would be nice if they would tell the shareholders what they envision for the company in this regard.
At the very least BB alone is worth $1/share...add in CG and that's another $1-2 worth. And who knows what value Arcadia or Copper Star might add (currently they add nada). With moly over $35/lb and climbing, we could see the $2-3 area for our share price someday IF UNB works hard and proves up resources and keeps telling the story to the 'right' people.
I hope you are correct about the bottom being very near here.