Bullboard - Stock Discussion Forum 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... see more

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Northern Lights Resources Corp > 17 Million Shares

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Post by realty on Feb 22, 2022 11:38am

17 Million Shares

Over 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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Comment by AlllllllIlMates on Feb 22, 2022 11:43am

This post has been removed in accordance with Community Policy

Comment by Frogzilla on Feb 22, 2022 3:13pm

This post has been removed in accordance with Community Policy

Comment by realty on Feb 22, 2022 11:44am

Can Someone post level two so everyone can see where the company is. Post the drill results everywhere because once word gets out these shares will get eaten through quickly. Realty

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