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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 bayoubuckson Jan 14, 2011 8:44am
619 Views
Post# 17971113

Silver Range

Silver RangeWill someone check my math on this?  SMD has 60 mil shs.  If they distribute 1 sh of Silver Range for every 3 shs of SMD owned, they will distribute 20 mil shs.  If they retain a 19% ownership interest, that would be mean there will be 25 mil shs outstanding and 10mil wts.  They are going to fund it with $17mil cash.  That tells me the cash per share will be $.68, plus the properties.  So, my guess is it will start trading somewhere between .68 and .85 (warrant exercise px).
The question will be, where will the SMD px be when the distribution takes place and and how much it will drop.
In any case this is a huge and IMHO will only get better once the drills start turning!   
Bullboard Posts