Stuhini Exploration Ltd. V.STU

Question

[bailey2]

I am a long-term shareholder, and love how prudent management is with funds. Great news release today. 
I do have a question for the board, about the Ruby Creek Moly play.
There is a difference between in ground value and the npv after the new PEA is updated.

A little concerning or of at least a discussion, is that the prior PEA which had an initial payback of 3,2 years and a NPV of 295 million was based on Moly for the first 4 years of mining 
being at a price of 

2009- 32.95/lb
2010- 28.00/lb
2011- 23.00/lb
2012-21.75/lb

Can this project be economical if Moly prices remain where they are presently
and with inflation potentially creating capital costs to develop much higher than 
13 years ago?

I really like this company because they have multiple irons in the fire, and this Moly play could be a good one......, but one of many that could appreciate the share value.....glta

[Tad]

Bailey2, I concur with you regarding the inflation adjusted costs required for CAPEX and operating costs compared to the 2007 PEA and the numbers you cited There are actually a few unknowns that could offset some of the increased costs compared to the older historic estimates. For others reading these post, here is the weblink for the 2007 Adanac PEA: https://secure.kaiserresearch.com/i/jk

[Tad]

Bailey2 With all this being said, I believe that it is a much more likely scenario that Stuhini will sell off the Ruby Creek moly project rather than develop it themselves, so all these hypothetical costs will be of interest only to any acquirer of the deposit.