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Strategic Metals Ltd V.SMD

Alternate Symbol(s):  SMDZF

Strategic Metals Ltd. is a Canada-based project generator. The Company's main business activity is the acquisition, exploration and evaluation of mineral properties located in Canada. As a project generator, the Company has assembled a portfolio of direct and indirect mineral property interests in Yukon Territory, northern British Columbia and western Northwest Territories. It has approximately 13 royalty interests, 14 projects under option to others, and a portfolio of 82 wholly owned projects. Its portfolio covers a suite of metals, including gold, silver, lead, zinc, copper, tin, tungsten, vanadium and lithium, and deposit types, such as porphyry, skarn, epithermal vein, orogenic gold, sedex, carbonate replacement and others. Its deposits include Casino, Wolverine, Wellgreen, Division Mountain, Klaza, Tiger, Osiris, Golden Revenue, Blende, Carmacks Copper, Logtung, Marg, Ice and others. Its subsidiaries include Rockhaven Resources Ltd. (Rockhaven) and GGL Resources Corp. (GGL).


TSXV:SMD - Post by User

Bullboard Posts
Post by siIverBullon Feb 24, 2010 5:25pm
787 Views
Post# 16816894

somebody selling <.5 must be desperate

somebody selling <.5 must be desperate

or in need of liquidity!

Its main stockholdings are 8,806,286 shares of ATAC Resources Ltd. and

1,000,000 share purchase warrants each entitling it to purchase one additional ATAC share for
.50/share

one CAD cent in ATC movement means ~100k CAD up or down for SMD

100k CAD on 57.7m stocks means a movement per SMD share of .00173,

therefore if ATC falls or gains 10 CAD cent we are talking about 1.7 cent per SMD share up or down.

SMD is more then ATC, it is ~

about $14 million in cash, T-Bills, and GICs

8,806,286 shares of ATAC Resources Ltd at 1.5 CAD = about 13.2 million CAD

1,000,000 share purchase warrants in the money = about 1 million CAD

THIS is just about the current market price of SMD!!!!

for free:

9,748,000 shares of Rockhaven Resources Ltd.

386,500 share purchase warrants each entitling it to purchase one additional Rockhaven share for
.20/share.

8,000,000 post-consolidation Silver Predator Shares

Strategic has also significantly added to its portfolio of mineralclaims by staking 11 new properties since mid-October 2009. Most of therecently acquired properties are gold exploration targets. With theseacquisitions, Strategic holds interests in more than 80 projects.

On January 14, 2010 Strategic completed an agreement with ATAC Resources Ltd. which grants Strategic the right to purchase 100% of ATAC's interests in six mineral properties located in various parts of Yukon and British Columbia, for the sum of $300,000.

(some will be transferred to Silver Predator)

Bullboard Posts