Post by
Bullet247 on Jan 31, 2021 12:47pm
CNC SND SPRUCE RIDGE
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.
Comment by
goldanalyst on Feb 08, 2021 8:32am
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
Comment by
IgnacioCashmere on Feb 16, 2021 5:20pm
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.
Comment by
goldanalyst on Feb 18, 2021 8:22am
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!!
Comment by
Davec12 on Feb 18, 2021 9:29am
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
Comment by
PennyWise416 on Feb 24, 2021 10:55pm
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.