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Homeland Nickel Inc V.SHL

Alternate Symbol(s):  SRCGF

Homeland Nickel Inc. is a mineral exploration company. It is focused on critical metal resources with nickel projects in Oregon, United States and copper projects in Newfoundland, Canada. Its projects include Cleopatra, Red Flat Nickel Property, Shamrock Property, and Eight Dollar Mountain. The Cleopatra property is located in southwest Oregon and consists of 139 lode mining claims covering a total area of 1,162 hectares (2,872 acres). The Red Flat Nickel property is located in southwest Oregon 15 kilometers (km) east of Gold Beach and 480 km south of the City of Portland. The Eight Dollar Mountain property is located in Josephine County, Oregon. The Eight Dollar Mountain property consists of 115 claims totaling 962 hectares (2,376 acres). The Shamrock Property consists of 40 unpatented load claims, accessible by paved road, covering 758 acres and located 20 miles northwest of Medford, Oregon. It also owns a 70% interest in the Great Burnt and South Pond copper and gold properties.


TSXV:SHL - Post by User

Post by DrNo1962on Jun 24, 2021 5:08pm
210 Views
Post# 33448255

Undervalued...

Undervalued...SHL.v - market cap ~$25 million - is severely undervalued - especially considering commodity boom we are experiencing. SHL.v owns 8.1 million shares - more importantly almost 10% - of CNC.v which is currently trading for ~$3.50/share PLUS another 10 million shares of NOB.v.  Equates to approx. $30 million in marketable securities AND given CNC.v is just begninning to expand and develop interest in Crawford nickel project this value will only likely increase - SIGNIFICANTLY.  Of course this doesn't even contemplate SHL.v properties - namely Great Burnt copper project which is scheduled to update resource update by end of June (and also includes largely unexplored gold showings on north of property) and Crawford VMS claims which were retained after agreement for Crawford nickel claims w/ CNC.v in 2019.  NOT TO MENTION recent announcement of SHL.v acquisition of oil and gas property in SK - still waiting for more details on this unexpected announcement.  All this for market cap of $~25 million.  Seems to be tremendous value and potential here.     
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