STTCOMP BSX, FA LONG
Cobalt & Gold explorer
One high grade cobalt & gold in Canada
Three gold projects in Australia
MC $47m at 49.5c/share
Options 2m + Performance 7m
Estimated cash: $5m (debt free)
Fully diluted enterprise value: ~$46m
Tightly held stock, top 20 held ~65%, management held about 20%.
1. Little Gem Cobalt & Gold project in Canada (Large underexplored ~330km2)
2. Three Gold projects in Australia: