Homeland Nickel Inc V.SHL

CNC SND SPRUCE RIDGE

[Bullet247]

Hi just wondering if once CNC takes off will spruce ridge shares follow in CNC footsteps. Seen they own 8.1 million shares in CNC but spruce ridge price is way lower.
just asking if anyone has any ideas.

[goldanalyst]

Let me put it this way.....CNC shares have taken off and to that point SHL share in CNC alone accounts for it's present market cap....the rest of the company you are getting for free.....I haven't seen a situation like this in a long time....which is why this is now one of my largests positions....doubled down after their most recent copper intercepts....long and strong SHL

[IgnacioCashmere]

I agree about the exceptional value. But when a junior Canadian miner lists mine tailings as one of their "projects", it waves a big red flag. That's like a restaurant listing scavenges from the dumpster on the menu. Spruce is definitely a buy here, but only for their marketable securities. I don't see their projects ever reaching production.

[goldanalyst]

I coudn't disagree more about SHL only being worth it's marketable securities. I won't do the work for you...but if you look a little deeper you will see immense  value in the projects they kept!!

[Davec12]

Agreed the additional properties, the JV portions on propertys, the net production royalties and cash on hand are currently seem to be valued by the market at 0.00

[IgnacioCashmere]

I see zero value in the projects they let because they won't be developed & who would buy them? Their marquis project, Great Burnt, has a net value after tax & all operating costs of around $25 million USD. That's not counting the CAPEX necessary to start things up. So you believe the CAPEX would be less than $25 million? The point is, it isn't worth getting out of the ground

[triken]

At Burnt Copper 60m lb Cu; 0.9% cutoff....last resource calculation 2018 Since then 27.2m @ 8.02% Cu Dec 21 and 22.7m @6.89% Cu Not taking into account adjacent South Pond, or contained Au or Zn. They have investments other than CNC and other prospects including Crawford area in N Ontario. No PEA yet. Please point to the source of your post tax NAV and source for Capex. G&A 143k pa; incl

[PennyWise416]

These guys are sitting pretty any way you look at it. Lots of copper, lots of gold, (probaly lots of nickel too), funds ad infitum with CNC, easy buy in price rn. They're one part of my EV sector stocks going forward.