Molybdenum retracing large price gains in early 2023 We're seeing a healthy pull back on molybdenum prices in the past couple of weeks after reaching record highs in February. Hopefully we'll see the moly price stablize in the US$25 - $30 / lb level .
Daily spot price - US$33,56 / lb
[url=]https://www.dailymetalprice.com/metalprices.php?c=mo&u=lb&d=20]/url]
1 month contract - US$30.25 / lb
2- 15 month contract - US$28.13 / lb
https://www.lme.com/en/Metals/EV/LME-Molybdenum-Platts#Trading+day+summary 476.5 million lb moly X US$30.25 / lb X $1.3675 exchange rate = C$19,711,315,937 in ground value for Stuhini's Ruby Creek moly deposit .
With the latest financing closing last week Stuhini's share structure is now approx :
44,417,094 common shares and 8,355,128 warrants
(2,260,066 warrants exercisable @ $0.60 expiring August 2024)
(2,001,092 warrants exercisable @ $0.35 expiring December 20, 2024)
(1,071,020 warrants exercisable @ $0.35 expiring January 13, 2025)
(3,022,950 warrants exercisbale @ $0.50 expiring March 20, 2025) The final option payment the will be paid soon for the Ruby Creek Project is $640,000 and 1,750,000 shares.
After the final option payment is made, Stuhini will have approix. 46,167,094 shares issued and outstanding. Hoping to see an announcement from the company in the near future that they've completed the final option payment for Ruby Creek
With a current gold price of US$1975 / oz ......the Ruby Creek moly deposit value is equivalent to a gold deposit of 7.3 million ounces.
GLTA !