RE:Stuhini Samples 16,030 gpt Ag , 10 Samples over 5,000 gpt AgTad These very high grade rock samples sound real encouraging. 18 of 88 samples tested over 1000 gramms and up to 15,000gpt and there finding these parallel veins over nice strike lengths.
Daves doing a great job bringing out the value here. Additionally with the Condemnation drilling samples, they found Intrusion Gold Indicating a likely chance it came from a porphyry.
This News is strong support for small drill program IMO. In the Proactive interview out today linked below Dave says "I believe we have one of the best early silver stories out there"
Im looking forward to see where this silver story goes but even more so, looking forward to seeing the results of the Moly Resource update coming this quarter. This will be the best solid derisked STU story investors will be able to value, since its permitted, with infrastructure, and basically ready to be built. As to everything else in the company, we get it for free. A group of high potential exploration lottery tickets in the middle of the Atlin camp , being frugally explored by an efficient mgt.
https://www.youtube.com/watch?v=FW7GtA_2rro
And of coarse Tad the guote from you below on the Moly deposit based from the avaliable historical data.
Moly prices still hovering above US$19.00 / lb
The known in-ground historic resource of 462 million lbs of moly at Ruby Creek is currently worth :
462,000,000 lbs X US$19.08 lb X $1.2570 exchange rate = C$11,080,404,720
That deposit could be much larger yet based on the last dill hole at the extreme west
edge of the resource defined by Adanac Moly Corp more than a decade ago.
Stuhini Exploration market cap is only :
24,162,776 shares O/S X C$0.60 = C$14,497,665
If Stuhini were to sell the Ruby Creek moly asset for only 1% of the current in-ground value of the deposit :
C$11,080,404,720 X 0.01 / 24,162,776 shares O/S = C$4.58 / share