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 ! |
