FAQ
Q. Specifically what property and mineral is your focus?
A. Nithi Mountain, BC. The mineral is Molybdenite
Q. Why has Leeward Capital shifted focus to Molybdenum?
A. Since 2003 world prices have increased twelve fold from $3.00 to over $38.00 a pound.
Q. What is Molybdenum used for?
A. The primary use for molybdenum is in Steel Alloys. From 1% to 4% is added to stainless steels for strength and corrosive resistance. Alloy Steels contain up to 1% which increases harden-ability, weld-ability, toughness and hear resistance. Also very few people know or understand the fact that Moly is the catalyst to clean sulphur out of the vast quantities of oil and natural gas that exists in the world today. With Moly as the catalyst there is little doubt about the fact that the demand for Moly can do anything but increase significantly over the years to come.
Q. Are there environmental benefits for the use of Molybdenum?
A. Automobiles and power plants will be burning fuel that is virtually pollution free for a lot less than we pay for the same energy today. Using molybdenum as the catalyst will not only help solve our energy crisis but this technology will also help solve the world's air pollution crisis.
Q. Why is the demand for Molybdenum so great?
A. China, India and other third world countries are entering into an era of a second Industrial Revolution and placing great pressure on base metal demand. Particularly, the demand for pipelines (Molybdenum content is .05%) is great and increasing from countries such as China, India and North America. It is also the age of new and ever-changing metal technologies. Much attention is being paid to GTL and also Molybdenum as the 'catalyst' driving the 'Liquefaction' energy of coal, plastics and even used tires. With less sweet crude now available and sourer heavy crude & Tar Sands Oil that has to be refined, it is going to mean a great increase in catalyst demand.
Q. What is GTL ?
A. Natural Gas (NG) to Liquids Fuels (GT) is the new looming production and market. This market is fast becoming a reality and will invariably become a robust market for catalysts as well. GTL plants use the catalyst molybdenum in the processes.
Q. Are there GTL plants in existence today?
A. This market is fast becoming a reality and will invariably become a robust market for catalysts as well. GTL plants use catalysts of Cobalt/Iron/Molybdenum in the processes. GTL plants are being considered in almost every corner of the globe that has reserves of NG (Natural Gas), especially in areas like the Middle East where there is little local market for it & there are no pipelines to market NG. GTL converts natural gas (NG) into an easily exported liquid form. Shell in 2003 had a plant in operation in Malaysia & pursuing another in Qatar, as is Sasol Chevron. Chevron is also considering other plants in Nigeria, Australia & Caribbean. Exxon-Mobil is also interested in Qatar and Syntroleum is looking at Bolivian gas fields. BP is experimenting with a test plant in Alaska. The refinery demand for catalysts is already in the Billions of dollars and the worldwide demand for all the different combined types of catalyst uses in 2003 was approximately $7.5 Billion according to published reports.
Q. How many shares are issued and outstanding on Leeward?
A. 71,582,927
Q. How many shares are out on Leeward on a fully diluted basis?
A. 76,765,914
Q. How many shares do the insiders control?
A. 35%
Q. What is the principal mining asset in Leeward?
A. Nithi Mountain in British Columbia 18 km west-northwest of the Endako Moly Mine.
Q. What other properties does the company have in Canada?
A. Pistol Lake in Nunavut with 580,000 tons grading 0.40 oz/ton gold
Diamond claims in the James Bay Lowlands of Ontario