Post by
Tad on Jan 31, 2023 4:55pm
Q3 Financials and MD&A posted on SEDAR
The financials and MD&A were posted last night.
In Note 10. of the financial statement Stuhini sold 200,000 shares of the Brixton (BBB.v) shares they own for proceeds of $58,770. Stuhini still owns 1,000,000 shares of Brixton (BBB.V).
Stuhini had $333,745 cash balance as of Nov 30 2022
I believe most of that remaining cash balance was rec'd from Flow-Through shares in the July 2022 private placement. Those Flow-Through funds have to be used for exploration activity in British Columbia
$1,380,000 rec'd in lastest financing
- $16,586 for finders fees
+ $58,770 from sale of brixton shares
- $300,000 for december 2022 option payment on ruby creek
$1,122,184
+ $97,675 gst receivables
+ $333,745 cash balance of of Nov 30 2022
$1,553,604
The final option payment for the Ruby Creek Project is due in December 2023. That payment includes 1,725,000 shares and $640,000 in cash.
If Stuhini decided to advance the final payment on Ruby Creek for the purposes of spinning off the moly deposit into a separate company, it would leave Stuhini with roughly $913,604 in cash, minus whatever has been spent since end of nov 2022.
The company is in good shape going into 2023.
GLTA !
Comment by
checkmate28 on Jan 31, 2023 11:10pm
Thanks TAD for all the info you post