With the completion of the final option payment for the Ruby Creek Project announced this morning, the share structure for Stuhini is now roughly :

Current shares issued and outstanding as of June 6, 2023 :

46,279,594 common shares and 8,355,128 warrants
(2,260,066 warrants exercisable @ $0.60 expiring August 2024)
(2,001,092 warrants exercisable @ $0.35 expiring December 20, 2024)
(1,071,020 warrants exercisable @ $0.35 expiring January 13, 2025)
(3,022,950 warrants exercisbale @ $0.50 expiring March 20, 2025)

If all of the warrants are eventually exercised the outstanding shares would be 54,634,722.

If all warrants are exercised, the company would receive approx $5,942,753 in cash.

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The best example of how undervalued Stuhini shares are is to refer to the last acquisition of a molybdenum deposit which occurred in October 2022 by Zijin Mining Group with their purchase of the Shapinggou moly desposit.

See News Release here:

https://www1.hkexnews.hk/listedco/listconews/sehk/2022/1023/2022102300035.pdf

The purchase price of RMB5.61 Billion worked out to approx US$0.16 / lb in the ground .

When Zijin Mining completed the acquisition of the Shapinggou molybdenum mine, molybdenum was trading just below US$20.00 / lb.

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Stuhini has a pit constrained resource of 476.5 million lbs of moly in the ground in measured, indicated and inferred categories


If a major mining firm was interested in buying the Ruby Creek moly deposit outright,
using Zijin Mining's purchase price of US$0.16 / lb would equate to :


US$0.16 X $1.34 exchange rate X 476.5 million lbs = C$102,161,600


C$102,161,600 / 54,634,753 shares O/S (warrants fully exercised) = C$1.87 / share 

for the Ruby Creek Moly deposit which is now 100% owned by Stuhini with the completion of the final option payment announced this morning.

That would be a six fold increase in share price for the current $0.30 / share level .

Current moly prices are currently trading above that level :

lme.com

1 month contract : US$22.95 / lb
2 thru 15 month : UIS$22.42 / lb

Daily Spot :

dailymetalprice.com

US$23.53 / lb