Molybdenum now quoting US$25.00/lb 1 month contract US$25.96
2 - 15 month contract US$25.00
US$25.00 X $1.355 exchange rate X 478 million pounds = $C$16.2 Billion in ground value
https://www.lme.com/en/Metals/EV/LME-Molybdenum-Platts#Trading+day+summary One would think there should some large base metals mining company(s) having a closer look at the Ruby Creek moly deposit these days ....
Even if an acquirier only paid the same price per pound that Zijin MIning recently paid for the Shapinggou moly deposit in China at roughly C$0.215/lb, the Ruby Creek moly deposit would
fetch just over C$100 million .
GLTA !