RE:New Press Release - Stuhini Stakes Additional Land at Ruby Creek and Provides Exploration and Corporate UpdateNice to see Stuhini added some more highly prospective molybdenum property to thei Ruby Creek Project.
Assay results from the Ruby Flats summer drilling program came up empty. .... IMHO it was a no lose situation .... if the company hit any decent intercepts ... all the better .... If there was nothing of significance found, when the moly deposit is spun off into a separate company, these holes further confirm the very low gold grades that Adanac Moly Corp found during their 2007-08 condemnation drilling for the locations of a tailings facilites and processing plant. That portion of Ruby Flats can be included as part of the spin off without concerns of a gold deposit sitting below.
The daily spot price price of moly up again - now at US$43.54/lb [url=]https://www.dailymetalprice.com/metalprices.php [/url]
1 month contract US$37.54/lb, 2 - 15 month contracts https://www.lme.com/en/Metals/EV/LME-Molybdenum-Platts#Trading+day+summary US$43.54/lb x $1. 34 exchange rate x 477 million lbs = C$27,985,661,550 in ground value.
Gotta think there are some interested parties taking a harder look at Stuhini's moly deposit now. I would expect that Stuhini will have a very busy booth at PDAC in two weeks time.
GLTA !