Q. Which property is of principal interest currently?
A. Pistol Lake property in Nunavut with a geological calculated resource by Chevron Minerals, 1988 of 580,000 tons grading 0.40 oz/ton gold. An NI 43-101 has been completed by Stantec, to be published shortly and an updated resource calculation based on the drilling by Qikiqtaaluk Corporation (2000) will be completed following the 2021 field season.
Q. Is arctic development feasible/profitable?
A. For some commodities and especially gold, multiple mines are in production in Nunavut and more are in development. Gold is especially attractive in this new and developing camp.
Q. Price of gold today? A. Current price.
Q. Why has Leeward Capital invested in Molybdenum at Nithi Mountain in British Columbia?
A. Since 2003 world prices for moly oxide have varied from $3.00 to over $36.00 a pound. Despite the recent downward pressure in the market, the versatility of molybdenum in industrial applications will be in demand and remain steady in the long run. The Nithi Mountain deposit is a source of pure, primary molybdenum.
Q. What is Molybdenum used for?
A. Molybdenum is used in dozens of metal alloys, stainless steel, electrodes, and is a key component in all pipeline manufacture necessary for modern infrastructure development.
- The primary use is in steel alloys. From 1% to 4% is added to stainless steels for strength and corrosive resistance. Molybdenum is also the catalyst to clean the impurities out of the vast quantities of coal and stranded natural gas that exists in the world today. With China’s continued economic development and in particular the Belt & Road project, demand for molybdenum could potentially stimulate increased demand for all metals including molybdenum.
Recent Developments in the Use of Molybdenum
Most of the production of molybdenum is used by industries making metal alloys, however new and interesting technologies may bring an upward momentum to the value of molybdenite.