Post by
rockenlady on Apr 28, 2024 7:12pm
The moly at Maestro
It appears molybdenum price is now $31.45 per pound US, which is at least 25% more in Canadian currency. The Lone Pine orebody at Maestro property has a molybdenum orebody of 110 million tonnes(M+I) of 0.083 + 25.8 million tonnes of 0.88% molybdenum inferred at 0.04 cut off, which is high-grade. (0.083% = 1.66 lbs X $31.45 = $52.21: so around $65.26 per tonne CAN). Now Quartz Mountain is adding great precious metals to the mix.
It appears to be Bob and the explorers are building this to a conveniently located, world class mine. Just what the area needs.