RE:RE:RE:Moly prices strengthening ....Moly price has been consolidating its recent months' gains after hitting +US$20.00 / lb a couple of
weeks ago.
At US$18.84 / lb X $1.2350 exchange rate X 461,630,000 lbs of moly = Cdn$10,740,929,862 in
ground value.
Once Stuhini completes their current financing, the company should have just over 24 million shares
if the placement is fully subscribed.
So if Stuhini were to sell the project for even 1% of the known value of the deposit the share price
would be the equivalent of roughly C$4.50 per share.
Hopefully, the company will decide to update the historic Adanac Molybbdenum Corp resource
estimate to bring the deposit up to current 43-101 compliance, and allow the management to more
fully discuss the potential economic value of the deposit with investors. We should find out in the
coming weeks.
Not to take away the other assets the company has in its holdings, but the value of this moly deposit
is pretty much the driving force at present. The recent acquisition of the nickel exploration properties
in Manitoba looks like a promising deal for little cost, and the past year's reported silver and gold
sampling has been exceptional at other areas of the Ruby Creek project, with the potential for some
exploration drilling beginning later this year.
Data valid for 2 July 2021
LME CLOSING PRICES, US$ PER POUND
| CONTRACT | PRICE |
| Month 1 | 18.52 |
| Month 2 | 18.84 |
| Month 3 | 18.84 |
| Month 6 | 18.84 |
| Month 12 | 18.84 |
| Month 15 | 18.84 |
HISTORICAL MOLYBDENUM PRICE GRAPH
GLTA !
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Tad wrote: The last 43-101 resource calculation that Adanac Molybdenum Corp issued for the Ruby Creek moly deposit was posted on the SEDAR.com site on May 29, 2009.
Measured and Indicated Resources of 407,911,000 lbs grading 0.065%
and Inferred Resourdes reported as ..... 53,719,000 lbs grading 0.062 % Total M&I and Inferred Resources ...... 461,630,000 lbs
The appendix of the 2009 43-101 report shows some really good high grade numbers.
Adanac completed four resource calculations for the deposit. A Feasibility Study was issued in December 2007
which laid out estimated CAPEX of about C$640 million for mill construction
The operating costs for the first five years, using deisel generators for power, was estimated to be C$13.08 / tonne
The operating costs after five when years when the mill was to be hooked into the power grid was C$8.11 / tonne
Would have to reasonably assumeca significant increase in CAPEX for a mill in 2021 dollars and operating costs woul most likely be higher as well ..... however .... this deposit is getting closer to be economical as moly prices continye to rise.
US$14.23 /lb x $1.20 exchange rate = C$17.07 /lb
461,630,000 x US$14.23 = US$6,568,994,900
461,630,000 x C$17.07 = C$7,875,407,800
Just think, if Stuhini would be offered even 1% of the value of the in situ molybdenum deposit, the share price would be multiples higher.
ie ... 1% = $78,754,078 / 20 million O/S = $3.43 per share
hmmmmmm ...
Data valid for 24 May 2021
LME CLOSING PRICES, US$ PER POUND
| CONTRACT | PRICE |
| Month 1 | 13.27 |
| Month 2 | 14.23 |
| Month 3 | 14.23 |
| Month 6 | 14.23 |
| Month 12 | 14.23 |
| Month 15 | 14.23 |
Source for molybdenum quote :
https://www.lme.com/en-GB/Metals/Minor-metals/Molybdenum-Platts#tabIndex=0 GLTA !