Stuhini Exploration Ltd V.STU

Molybdenum Price Climbing Again .... now US$45/kg

[Tad]

Moly prices have started moving back up over the past month or so.

Current price is now US$45.00/kg

US$45.00 / 2.2 lb/kg = US$20.45/lb

When converted into Canadian Dollars ... $US$20.45 x $1.35 = C$27.61/lb

Stuhini has a pit constrained resource of approx 475 million lbs in the ground, I firmly believe that the deposit is significantly larger, as some of the known resource lies outside of the pit contrained estimate. Also consider that some of last holes that were drilled by Adanac Moly Corp back in the 2007-08 time frame ended in high grade moly mineralization and are not included in the current resource estimate.

475 million lb meas/ind/inf resource X C$27.63 = C$12,687,250,000


https://tradingeconomics.com/commodity/molybden


As far as I'm concerned, Stuhini offers a very good value at the moment with only 30.6 million shares oustanding and a share price of $0.35 .... giving the company a market cap of about
C$11 million. 


We may start hearing about assay results from this summer's 8 hole drill program for gold on the Ruby Flats area of the Ruby Creek Project sometime in the next month or so. The company stated that it had completed their 8 holes by the end of September. I was told that assay lab processing times are approximately 3 months at the present time.

The drill contractor had completed the 4th hole while I was visiting the Ruby Creek Project in late August. 

So ..... maybe sometime early - mid December for first assay results ???  


GLTA !

[edx]

We just need someone willing to buy a ready to build moly mine. Although Chinese companies are likely out given what just happened with their lithium instruments, friendly shoring is the new buzz word. Can we get some of that ESG investment up in here?