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I had the pleasure today of attending a presentation on Strait Minerals Inc.(formerly Strait Gold Inc.) which is listed on the TSXV under the symbol SRD. Strait Minerals is a mineral exploration company (copper, gold, silver, moly) with 4 properties in Peru. Below is a copy of said presentation – the straight goods – on their plans for the development of each over the coming years and their financial situation and arrangements.
By: Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!).
Strait Minerals’ Alicia (copper/gold) site is located in Peru’s emerging copper belt south of Cusco among properties owned by the likes of Xstrata, First Quantum, HudBay, Southern Copper and Panoro. Teck Resources has a minor equity investment in Alicia currently with an option agreement to increase their ownership to 45%, 65% or 75% depending on the amount of money spent on the development of the resource over specific time periods.
For details on the Alicia project and those of the 3 other properties see their presentation here.
Charting for Last 3 Months:
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Detailed Quote:
| Open: | 0.100 | Ex-Div Date: | N/A | |
| High: | 0.100 | Dividend: | N/A | |
| Low: | 0.095 | Yield: | N/A | |
| Prev. Close: | 0.100 | Div. Frequency: | N/A | |
| Bid: | 0.095 | Total Shares: | 53,862,586 | |
| Bid Size: | 50 | Escrow Shares: | 0 | |
| Ask: | 0.100 | Net Shares: | 53,862,586 | |
| Ask Size: | 40 | P/E Ratio: | N/A | |
| Market Cap: | 5,116,946 | P/B Ratio: | 1.583 | |
| EPS: | -0.02 | Exchange: | TSXV |
News Headlines:
Price History:
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| Address: | 18 King Street East, Suite 1203, Toronto, ON, CA, M5C 1C4 | |||
| Telephone: | (416) 223-9970 | Website: | www.straitgold.com | |
| Facsimile: | (416) 223-4073 | Email: | info@straitgold.com | |
| Fiscal Year End: | 12/2011 | |||
Current Information of Above:
http://tmx.quotemedia.com/quote.php?qm_symbol=SRD
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