Molybdenum consolidating recent months' price increases We should be seeing a news release in the not too distant future regarding the
closing of the private placement announced in mid-June. Probably within the next
couple of weeks ?
Molybdenum prices are holding steady in the US$18.75 range, continuing to give
the Ruby Creek moly deposit an in-ground value in excess of C$10.5 Billion.
As the year progresses and if moly prices remain strong, shareholders should see
further develpment by Stuhini mg't in bringing the Ruby Creek molybdenum deposit
resource estimate up to current 43-101 compliance ... along with all the gold and silver
exploration on-going on the property as well.
I added another 14,000 shares to the collection yesterday at $0.58. I believe the share
price is very undervalued.
Exciting times ahead in the coming months for shareholders !!
Data valid for 12 July 2021
LME CLOSING PRICES, US$ PER POUND
CONTRACT | PRICE |
Month 1 | 18.72 |
Month 2 | 18.75 |
Month 3 | 18.75 |
Month 6 | 18.75 |
Month 12 | 18.75 |
Month 15 | 18.75 |
Molybdenum quote source :
https://www.lme.com/en-GB/Metals/Minor-metals/Molybdenum-Platts#tabIndex=2 GLTA !