SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Stuhini Exploration
STU.V 0.1250.0%Nov 5 9:30 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: pstad60 who wrote (93)3/2/2023 10:30:37 AM
From: pstad60   of 123
 
Re: Stuhini Private Placement Increased to $1,900,000


Based on today's news release :

newswire.ca

If the financing is fully subscribed, along with the announcement last week that the final option payment of the Ruby Creek Project will be made with funds from this placement, the share structure of Stuhini will be approximately :

44,917,094 shares issues and o/s
7,707,178 warrants exercisable at $0.35, $0.50 and, $0.60
52,624,272 shares on a partially diluted basis

Molybdenum pricing remains firm with daily spot price at US$43.54 / lb.

dailymetalprice.com


With 477 million lbs of moly in a pit constrained measured, indicated and inferred resource, the current inground value of Stuhini's Ruby Creek moly deposit is about C$28 Billion.

Stuhini's share price remains extremely undervalued. Current matket cap is about $22 million .

When moly prices were at this level back in 2008, the former operator of Ruby Creek, Adanac Moly Corp, had a market cap of C$300 million.

GLTA !
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext