RE:RE:RE:Molybdenum Price Range Moly prices have crept back up above US$19.00 / lb closing this week at US$19.18 /lb. on 2 to 15 month contracts.
https://www.lme.com/en/Metals/EV/lme-Molybdenum-Platts#Trading+day+summary Historic estimate of approx. 462,000,000 lbs of moly x US$19.18 /lb x $1.2584 exchange rate = C$11,150,000,000
In ground value of $11,150,000,000 worth of moly.
The Big Question ... is Ruby Creek economically viable at current trading range of moly ?
Consider if the company could sell the Ruby Creek moly deposit for 1% of inground value,
say C$115 million.
$11,150,000,000 x 1% / 25,972,766 shares outstanding = $4.42 / share
Hoping to see the updated resource estimate being done by Mine Development Associates sometime in Q1.
GLTA !