Quotes from the LME from Aug 1 :
1 month contracts : US$23.55/lb
2 -15 month contracts : US$22.18/lb
https://www.lme.com/en/Metals/EV/LME-Molybdenum-Platts#Trading+day+summary Daily Spot US$23.873/lb
https://www.dailymetalprice.com/metalprices.php?c=mo&u=lb&d=20 I have to think that Stuhini,...... with is Ruby Creek Project containing an estimated 476.5 million lb moly deposit in a pit constrained measured, indicated and inferred resource ... should be valued by the market somewhat higher than the $10.5 million market cap we are currently looking at.
Not to mention the Big Ledge Project in south central B.C has a past historic zinc resource estimated at 100 million tonnes grading 4%, with a zone of 10 million tonnes grading 7%.
Lots of mineral value in the ground, not being reflected in the share price at the moment.
I've been adding more shares to the collection over the past couple months at these ridiculously cheap price levels. It's been pretty quiet lately, after the last presentation by CEO Dave O'Brien at the Vancouver Metals Investor Forum two months ago .... maybe time for a corporate update soon ?
GLTA !