Post by
bailey2 on Dec 29, 2021 11:57am
Question
I am a long-term shareholder, and love how prudent management is with funds. Great news release today.
I do have a question for the board, about the Ruby Creek Moly play.
There is a difference between in ground value and the npv after the new PEA is updated.
A little concerning or of at least a discussion, is that the prior PEA which had an initial payback of 3,2 years and a NPV of 295 million was based on Moly for the first 4 years of mining
being at a price of
2009- 32.95/lb
2010- 28.00/lb
2011- 23.00/lb
2012-21.75/lb
Can this project be economical if Moly prices remain where they are presently
and with inflation potentially creating capital costs to develop much higher than
13 years ago?
I really like this company because they have multiple irons in the fire, and this Moly play could be a good one......, but one of many that could appreciate the share value.....glta
Comment by
Tad on Jan 05, 2022 9:40am
Bailey2 With all this being said, I believe that it is a much more likely scenario that Stuhini will sell off the Ruby Creek moly project rather than develop it themselves, so all these hypothetical costs will be of interest only to any acquirer of the deposit.