Stuhini Exploration Ltd V.STU

Molybdenum Price Range

[Tad]

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 !

[TrumpThis]

All looking good. Can't wait! Actually, I can as the payoff will be BIG!!!

[Tad]

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

[Tad]

An 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

[TrumpThis]

Ya TAD, that's why I hooked a loop around this pony. Many things happening behind the scenes I believe as you can't sit on this much ground value and not get the attention of the BIG Boys here or around the world. $11B   . . .   could be worth more than the 'old' data, after the report. 1%, 2%, 3%, 4%  . . . The BIG Boys know that moly will only keep

[Tad]

Moly prices have crept back up above US$19.00 / lb closing this week at US$19.18 /lb. on 2 to 15 month contracts. https://www.lme.com/en/Metals/EV/lme-Molybdenum-Platts#Trading+day+summary Historic estimate of approx. 462,000,000 lbs of moly x US$19.18 /lb x $1.2584 exchange rate = C$11,150,000,000 In ground value of $11,150,000,000 worth of moly.  The Big Question ... is Ruby Creek