Stuhini Exploration Ltd V.STU

Re: Stuhini Private Placement Increased to $1,900,000

[Tad]

Based on todays's news release :

https://www.newswire.ca/en/releases/archive/March2023/02/c2369.html


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.

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

Stuhini's share price is extremely undervalued. Current matket cap is about $22 million . When moly prices were at this level in 2008, the former operator of Ruby Creek, Adanac Moly Corp, had a market cap of C$300 million.

GLTA !

[ThoughtsOnThis]

Tad, you've provided solid insight and commentary for a long time now.  Molybdenum has doubled (or more?) in the past 12-18 months, but, the O/S has double too. With such a significant resource I wonder how STU can remain so undervalued.

[Tad]

Made my annual pilgrammage into PDAC on Monday.  Always good to catch up with Stuhini CEO Dave O'Brien and some of his mg't team again. Good group of people, very down to earth and shareholder friendly. They are large shareholders of the company and their interests are directly aligned with ours. Checkmate,  it good to see you again, too !   Monday's news release

[bailey2]

Good info, Tad.  Have a lot of shares ( in my financial world) and also really like management . The double-edged sword for a commodity like Moly and timelines for actually building a mine and producing the poduct always take me from being euphoric about the current price of Moly to back down to earth with timeines to actually execute. The crystal ball of "hope" comes in, as it