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 and is available in the reports section on this website.
Q. Is Pistol Lake arctic development feasible/profitable?
A. For some commodities, especially gold, many profitable mines are in production in Nunavut right now and more are in development.
Q. Price of gold today? A. Current price.
Q. Price of molybdenum oxide 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.