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Stuhini Exploration Ltd. V.STU

Alternate Symbol(s):  STXPF

Technology Software - Application Software - Infrastructure
Stuhini Exploration Ltd. is a Canada-based mineral exploration company. The Company is focused on the exploration and development of precious and base metals properties in western Canada and south-western United States. The Company's portfolio of exploration properties includes Ruby Creek Project, Que Project, South Thompson Project and Big Ledge Property. The Company’s flagship the Ruby Creek project is located approximately 14 kilometers (km) east of Atlin, British Columbia. The Que project is located approximately 70 km north of Johnson's Crossing in the Yukon. The South Thompson project is located approximately 35 km northwest of Grand Rapids, Manitoba. The Big Ledge property is located approximately 57 km south of Revelstoke, British Columbia. The Company also has a portfolio of properties in south-east Arizona.


TSXV:STU - Post by User

Stuhini Exploration Ltd. > Molybdenum Prices Continue Strengthening
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Post by Tadon Aug 17, 2021 2:00pm
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Post# 33717778

Molybdenum Prices Continue Strengthening

Molybdenum Prices Continue Strengthening


Data valid for 16 August 2021

LME CLOSING PRICES, US$ PER POUND

CONTRACT PRICE
Month 1 19.11
Month 2 19.24
Month 3 19.24
Month 6 19.24
Month 12 19.24
Month 15 19.24




 

HISTORICAL PRICE GRAPH

DateUS$ per pound04-01-202111-01-202118-01-202125-01-202101-02-202108-02-202115-02-202122-02-202101-03-202108-03-202115-03-202122-03-202129-03-202107-04-202114-04-202121-04-202128-04-202106-05-202113-05-202120-05-202127-05-202104-06-202111-06-202118-06-202125-06-202102-07-202109-07-202116-07-202123-07-202130-07-202106-08-202113-08-20217.51012.51517.52022.5


Data source : 

https://www.lme.com/en-GB/Metals/Minor-metals/Molybdenum-Platts#tabIndex=2



Stuhini Exploration's current market cap is:
24,113,840 shares outstanding X $0.57 = C$13,744,888 



Using the May 2009 historic Adanac Molybdenum Corp. resource estimate produced by Golder Associates,  the current value of the Ruby Creek moly deposit using an 0.04% grade cut-off :

462 million lbs X US$19.24/lb X $1.2640 exchange rate =  C$11,235,544,320


Link to theAdanac Molybdenum historic resource estimate: 

https://www.adanacmoly.com/_resources/AUA_Resource_May_28_2009.pdf



If Stuhini were to sell their Ruby Creek moly deposit for just 1% of current in-ground value:

$112,355,443 / 24,113,840 shares = C$4.65 / share 




GLTA ! 
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