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Gold/Mining/Energy : 2023 Stock Picking Contest -- Ignore unavailable to you. Want to Upgrade?

To: dara who wrote (161)	3/10/2023 12:29:35 PM
From: pstad60	1 Recommendation Recommended By roguedolphin Read Replies (1) \| Respond to of 225

Dara, I've been constantly adding to my physical silver stack over the years, basically just Royal Canadian Mint 1 oz Maples and RCM 10 oz bars, just to have something "outside the system". I'm not concerned about the price, just the amount, and looking at adding a few hundred more ounces in the next week or two. According to someone over on the CEO.CA investment forums, Chen Lin has given my pick in this contest, Stuhini Exploration, a buy recommendation this week. Chen Lin says the potential to see Stuhini's market cap reach the $100's of millions is possible Former Ruby Creek molybdenum deposit operator, Adanac Moly Corp, saw a market cap of $300 million when moly prices were last at these current levels back in 2007-08 before the credit crisis hit and moly prices tanked in late 2008-09 along with the rest of the markets. Stuhini's market cap is currently around $25 million. Adanac had already obtained an $800 million credit facility based on their 2007 feasibility study and had drawn $80 million just prior to the credit crisis and moly price collapse and Adanac went into creditor protection and eventual bankruptcy. The dynamics of the moly market are a bit different this time with projected supply deficits forecast for the next 4 - 5 years before Zijin Mining can bring their recently acquired Shapinggou moly deposit into production. Many copper mines with moly by-product are seeing reduced production with recent unrest in Peru, and there are comments that Freeport's Climax moly mine is starting to run low on the easily accessed moly ore reserves and costs will start increasing within the next three or four years at that mine. There's still alot of moly at the Climax mine but mining costs will apparently be increasing. Stuhini will be closing it's current financing mid-next week and have already increased the size of the placement twice, due to increasing interest in the moly space. Eric Sprott came in with another $1 million investment in this financing and will remain as the company's second largest investor with approx 5,734,783 shares and 1,467,391 warrants after this financing closes next week. Stuhini will have roughly 46 million shares outstanding and just over 8.2 million warrants when the placement closes and the final option payment on Ruby Creek is made. The option payment includes the issuance of 1,750,000 shares and $640,000 cash paid to Stuhini co-founder Barry Hanslit who is the company's largest share holder. I spent quite a bit of time with Stuhini mg't this past week at PDAC. I have a sizeable position of over 300,000 shares and warrants. The wife and I took a trip up to Atlin B.C. to visit the Ruby Creek Project this past summer, we drove our car right up to the project and I walked over the moly deposit with Stuhini's chief geologist. Adanac Moly developed a road through to the moly deposit that cost US$22 million in 2007-08, that's more than Stuhini's current market cap ..... Nice to see others following Jim Willie too. I've had a subscription to his Hat Trick News Letter for years and my wife and I have sat and talked with him on Zoom calls numerous times. Good guy, very passionate. I think the last posts he made on Silicon Investor were around 2006 ? His subscription is only US$110 every six months and his commentary is worth every penny . Jim Willie's website is here : golden-jackass.com GLTA !