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Bullboard - Stock Discussion Forum Stuhini Exploration Ltd. V.STU

Alternate Symbol(s):  STXPF

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... see more

TSXV:STU - Post Discussion

Stuhini Exploration Ltd. > Molybdenum Prices Strengthening Again
View:
Post by Tad on Jan 25, 2023 1:24am

Molybdenum Prices Strengthening Again

Futures contract prices have rebounded to 15 year highs after pulling back to US$29.50/lb
early last week. 

https://www.lme.com/en/Metals/EV/LME-Molybdenum-Platts#Trading+day+summary

Current 1 month contract : US$31.65 / lb
2  to 15  month  contracts : US$32.24/ lb


Back over C$20 billion in ground value for Stuhini's Ruby Creek pit constrained 477 million lb moly resource.  If Stuhini sold the deposit for 1% of the inground value it would be over $200 million,. With all warrants being fully exercised there would be approx 43.8 million Stuhini shares outstanding, equating to C$4.56 per share in value at current moly price.

GLTA !
Comment by Tad on Jan 31, 2023 11:32am
Futures contract prices moving higher yet again.  https://www.lme.com/en/Metals/EV/LME-Molybdenum-Platts#Trading+day+summary Current 1 month contract : US$31.93 / lb 2  to 15  month  contracts : US$33.67/ lb US$33.67 X 477 million lbs = US$16,060,590,000 in ground value or  US$33.67 X $1.34 exchange rate X 477 million lbs = C$21,521,190,600  If this were ...more