FAQ
Q. Specifically what property and mineral is your focus?
A. Nithi Mountain Moly Property in central British Columbia. The mineral is Molybdenite
Q. Why has Leeward Capital shifted focus to Molybdenum?
A. Since 2003 world prices have increased tenfold from $3.00 to over $30.00 a pound.
Q. What is Molybdenum used for?
A. The primary use for molybdenum (moly) 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 strength, weldability, toughness and heat resistance. Also very few people know or understand the fact that Moly is the catalyst to clean sulphur out of oil and natural gas. The use of moly as the catalyst has increased.
Q. Are there environmental Benefits for the use of Molybdenum?
A. The properties of moly alloys make it increasingly used in a number of applications. For example, there is about a pound of moly in every car today in structural components. Increasingly it will be used to reduce weight in vehicles by allowing thinner steel to be used with the same strength and corrosion resistance. This means automobiles will be lighter and more fuel efficient. Moly additives can increase combustion in jet engines which provides greater thrust and lower emissions.
Q. Why is the demand for Molybdenum so great?
A. China, was the world's second largest moly producer supplying 24% of the world's market.. With the rapid industrialization of China, they now consume almost all of this moly internally. When they removed this amount of moly from the market the result was that the price of moly sky-rocketed from $3,00 to over $30.00 a pound. China and India are entering into an era of the second Industrial Revolution and placing great pressure on all metals, particularly moly. For example, the demand for pipeline steel (Mo content is .05%) is great and increasing worldwide. Another example of the use of moly is as a catalyst to remove sulphur from oil and gas. Moly is also used in the production of synthetic oil from coal. This is being produced in increasing quantities in China, India, and the United States, all nations that have coal resources and want to reduce foreign oil imports.
Q.Are there any substitutes for moly for these applications?
A. While there are some metals such a vanadium that can be substituted for moly in some of these applications. they are either more expensive or cannot be produced in great enough quantities to satisfy demand.
Q. How many shares are issued and outstanding on Leeward?
A. 78,149,593
Q. How many shares are out on Leeward on a fully diluted basis?
A. 82,432,574
Q. How many shares do the insiders control?
A. 25%
Q. What is the principal mining asset in Leeward?
A. Nithi Mountain Moly deposit in British Columbia
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 and central Saskatchewan.
