Post by
Tad on May 31, 2024 11:20pm
Moly price US$23,00/lb
Stuhini's Ruby Creek moly deposit has 476,000,000 lbs in a pit constrained measured and indicated and inferred resource.
The market cap of Stuhini is now at C$8.4 million.. Ridiculously cheap valuation
Quick math ....
476,000,000 lbs of moly X US$23.00/ lb = US$10,948,000,000
Mill and Infrastructure cost of say ........... ....US$1,400,000,000
......................................................................... US$9,548,000,000
US$14.00/lb mining & processing costs US$6,664,000,000
..........................................................................US$2,884,000,000
Close to US$3 Billion gross .
That's based only on the known pit constrained resource, It's pretty much a given that the Ruby Creek moly deposit is larger, as it is open in 3 directions as well as to depth. Also the possibility of a secondary moly deposit 4 km to the north at Volcanic Creek.
As previously posted, even if Stuhini sold the moly deposit for US$0.10/lb in the ground we'd be looking at US47.6 million or roughly C$65.5 million.
Stuhini only has 46.5 million shares outstanding ..... so reasonable possibility of at least $1.30 per share if we got a measly US$0.10/lb in the ground for the Ruby Creek moly deposit
Zijin Mining paid US$0.16/lb in the ground for the world's largest underground moly deposit in Oct 2022 when moly was trading at $18.00/lb. The Ruby Creek deposit would be a less expensive open pit operation.
Dirt cheap.
GLTA !