Moly price US$29.56/lb on 2 - 15 month contracts
We're starting to see a pullback in moly prices that was expected.
The current in ground value of the pit constrained resource estimate for measured, indicated and
inferred resources for Stuhini's Ruby Creek moly deposit is :
US$29.56 / lb X $1.34 exchange rate X 477 million lbs moly = C$18.8 Billion in ground value
If Stuhini rec'd a similiar offer for in ground resources of US$0.16/lb, or C$0.215/lb, that ZIjin MIning paid for the Shapinggou pure moly deposit in China in Oct 2022, it would be equivalent to approx. C$102,500,000.
With all warrants exercised, the company would have approximately 43,750,000 shares O/S.
$102,500,000 / 43,750,000 = $2.34 / share .
GLTA !