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Northern Lights Resources Corp C.NLR

Alternate Symbol(s):  NLRCF

Northern Lights Resources Corp. is an exploration and development company. The Company is engaged in advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona and Caldera Copper Project located in Lincoln County, Nevada. The Secret Pass Gold Project totals over 271 hectares (ha) comprised of one State mineral license (212 ha) and eight Bureau of Land Management mineral claims (65 ha). The Caldera project consists of over 55 BLM mineral claims with a total area of approximately 418 hectares. It also holds a 1% NSR royalty on the Medicine Springs Silver Project in Nevada. The Medicine Springs Project is located on the eastern edge of the Carlin Trend in southeastern Elko County, Nevada. Medicine Springs is a district scale exploration project comprising over 599 mineral claims over a total area of approximately 4,830 ha. It also has an option agreement to acquire a 100% interest in the Horetzky Copper Project located in the Babine porphyry copper belt.


CSE:NLR - Post by User

Post by realtyon Feb 22, 2022 11:38am
119 Views
Post# 34450383

17 Million Shares

17 Million SharesOver 17 Million Shares traded hands to firmer hands in the last week.  That is roughly 14% of the free floating shares.  It looks like there are 3-4 million more shares for sale on the cheap.  Once those are eaten through NLRCF should run to a market cap of between 20 to 60 million, which is typical for a company with two drill stories like this.  NLRCF is at roughly a 3.5 million dollar market cap currently, which is cheap.  I cant think of too many drill stories that hit a hole of like NLRCF did and the company not be at a 20 million market cap.  Even based just on the Medicine Springs property with a 20-25% ownership NLRCF should be at a 20 million dollar market cap.  It would not surprise me if Precious Metals Capital Group, LLC is flipping the 10 million shares that they received from a portion of their conversion from last week.  Surprise, right?  Realty
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