RE:RE:Molybdenum Price RangeAn interesting research paper from 2014 on the potential use of molybdenum disulphide in future battery use
Lithium ion battery applications of molybdenum disulfide (MoS2) nanocomposites†
https://pubs.rsc.org/en/content/articlehtml/2014/ee/c3ee42591f?page=search Molybdenum price currently US$18.59/lb, continuing to trade in the US$18 - $20 / lb range.
With US/CDN exchange rate of $1.2725 close on Friday, the Ruby Creek Project's moly deposit inground value is still worth about C$11 Billion :
US$18.59 X $1.2725 X 462,000,000 lbs = C$10,928,968,050
Shouldn't be too much longer before we hear from the company regarding the updated resource estimate being completed by Mine Development Associates. Probably early in the new year...???
With a current resource estimate in hand, Stuhini share price could start reflecting a higher valuation .... ie 1% of the known resource value of the molybdenum deposit. A feasibilty study could improve the valuation even further .... up to about 3% of the resource value .... as former operator of the Ruby Creek Project, Adanac Molybdenum Corp once had a +$300 million market cap.
The Annual General Meeting is early this coming week .... hopefully we'll start getting some reports on the exploration work the company did this summer.
Company should be issuing another 1,750,000 shares and a bit of cash to co-founder Barry Hanslit in December in regards to the scaled payments for vending of the Ruby Creek Project assets into the company a couple years ago. This would put the outstanding shares of Stuhini Exploration around 26 million shares.
1% of C$11 Billion / 26 million shares = ......
3% of C$11 Billion / 26 million shares = .......
;-)
GLTA !
Tad wrote: Moly prices still hovering above US$19.00 / lb
The known in-ground historic resource of 462 million lbs of moly at Ruby Creek is currently worth :
462,000,000 lbs X US$19.08 lb X $1.2570 exchange rate = C$11,080,404,720
That deposit could be much larger yet based on the last dill hole at the extreme west
edge of the resource defined by Adanac Moly Corp more than a decade ago.
Stuhini Exploration market cap is only :
24,162,776 shares O/S X C$0.60 = C$14,497,665
If Stuhini were to sell the Ruby Creek moly asset for only 1% of the current in-ground value of the deposit :
C$11,080,404,720 X 0.01 / 24,162,776 shares O/S = C$4.58 / share
That would be a good chunk of change to pass along to the shareholders and sink into a couple of good exploration drilling campaigns on the Que Project and the more recently acquired South Thompson Nickel Belt and Revelstoke properties.
Tad wrote: It appears that molybdenum has established a new price range of US$18.00 - US$20.00 / lb over the past few months.
After hitting US$20.03 on May 15, the price pulled back to $US$17.84 on July 23. On Sept 2 and 3 closed moly again broke through $20.00 / lb to close at $20.05 / lb, then pulled back to US$18.40 / lb on Oct 4 before starting to rise again and currently trading at US$19.13 / lb.
https://www.lme.com/en/Metals/EV/lme-Molybdenum-Platts#Price+graph It will be interesting to see the economics of the Ruby Creek Moly Project with regards to the metal's recent price range if/when the company gets the resources update.
GLTA !