Kaiser Research Online - KRO Profile - Hercules Metals Corp (BIG-V)

KRO Company Profile

Hercules Metals Corp (BIG-V)

Trade Date	Volume	High	Low	Close	Chg	Status
September 11, 2024	85,000	$0.580	$0.540	$0.570	$0.010	Trading

Basic Info
Listed On:	TSXV: BIG	2/6/2020	Sector:	Resource	Key People
Issued:	250,500,000	6/11/2024	Story Type:	Discovery Exploration	Christopher Paul (CEO), Luis C. da Silva (Chair), Peter Simeon (Chair), Keith Li (CFO), Christopher Longton (VP EX),
Diluted:	275,400,000		JK Owns:	No
Insider Stake:	18%	7/1/2024	Tel:	(786) 633-1756
Working Capital:	$23,651,455	3/31/2024	Email:		Address
Market Cap:	$142,785,000		Web Site:	herculesmetals.com	100 King St West #1600, Toronto, ON, M5X 1G5, Canada
Cash Breakup:	$0.05	per sh	Twitter:	@HerculesMetals	100 King St West #1600, Toronto, ON, M5X 1G5, Canada

Spec Value Rating History
Jan 4, 2024	$0.810	Fair Spec Value		New

Spec Value Rating Overview
SV Rating: Fair Spec Value - Favorite - as of January 4, 2024

		#Old for New	Last Price	Prior Name	Subsequent Name	Details
Corporate Change History
Mar 24, 2021	Name Change	0.833:1	$0.04	Wolf Acquisition Corp (WOLF.P-V)	Bald Eagle Gold Corp (BIG-V)	1.2 new for 1 old split.
Aug 24, 2022	Name Change	1:1	$0.08	Bald Eagle Gold Corp (BIG-V)	Hercules Silver Corp (BIG-V)
Jun 28, 2024	Name Change	1:1	$0.61	Hercules Silver Corp (BIG-V)	HerculesMetals Corp (BIG-V)

Recommendation History
Edition	Date	Price		Recommendation	Gain
SVF2024	1/5/2024	$0.81		Fair Spec Value Favorite	0%

Charts & Financing Activity

Most recent 43-101 resource estimate Prior resource estimate PEA PFS FS/BFS/DFS

Private Placement Key
	less than $500,000	$1,000,000 - $2,000,000	$5,000,000 - $10,000,000	$20,000,000 - $50,000,000
	$500,000 - $1,000,000	$2,000,000 - $5,000,000	$10,000,000 - $20,000,000	over $50,000,000
Private placement financing dates and value ranges are based on transactions reported by the TSXV Monthly Review.

Date	Company	Type	Quantity	Price	Units	Amount	Broker
Aug 22, 2018	Wolf Acquisition Corp	IPO	3,000,000	$0.100		$300,000	Richardson GMP Limited
Aug 31, 2020	Wolf Acquisition Corp	PP	4,280,000	$0.050		$214,000
Mar 24, 2021	Bald Eagle Gold Corp	PP	20,991,058	$0.120		$2,518,927
Jun 13, 2022	Bald Eagle Gold Corp	PP	30,666,666	$0.075	Units	$2,300,000
Apr 25, 2023	Hercules Silver Corp	PP	28,750,000	$0.200	Units	$5,750,000
Nov 8, 2023	Hercules Silver Corp	PP	21,265,370	$1.100	Units	$23,391,907

Capital

Financials Dated: March 31, 2024

Reporting Period: 3 months

Year End: 12/31

Currency: CAD

Assets		Liabilities		Income
Cash Equivalents:	$12,181,925	Current Liabilities:	$891,874	Operating Revenues:	$0
Receivables etc:	$12,361,404	Tangible LT Debt:	$0	Operating Cash Costs:	$0
Current Assets:	$24,543,329	Intangible LT Debt:	$0	Operating Cash Flow:	$0
Long Term Assets:	$1,746,592	Total Liabilities:	$891,874	Operating Non-Cash Costs:	$0
				Miscellaneous Revenue:	$0
Total Assets:	$26,289,921	Share Capital:	$43,342,050	Cash Expenses:	$1,012,980
		Shareholder Deficit:	($17,944,003)	Non-Cash Expenses:	$55,785
Working Capital:	$23,651,455	Net Shareholder Equity:	$25,398,047	Total Expenses:	$1,068,765
				Overall Cash Flow:	($1,012,980)
Monthly Overhead:	$337,660			Net Income (Loss):	($1,068,765)

Note:

**Capital History**
Date Period		Cash Eq	Current Assets	Total Assets	Current Liabilities	Total Liabiltiies	Share Capital	GAIN	Cash Expenses	Diluted	Working Capital
9/30/2020	9	$453,909	$454,409	$454,409	$32,922	$32,933	$573,021		$26,186	10,258,001	$421,487
12/31/2020	12	$445,483	$445,483	$445,483	$46,914	$46,914	$573,021		$49,093	10,330,001	$398,569
3/31/2021	3	$2,430,802	$2,787,658	$2,787,658	$799,007	$799,007	$10,419,847		$6,242,552	115,436,341	$1,988,651
6/30/2021	6	$1,521,533	$1,823,078	$1,823,078	$669,308	$669,308	$10,419,847		$7,103,096	116,086,341	$1,153,770
9/30/2021	9	$1,056,336	$1,159,974	$1,159,974	$576,512	$576,512	$10,419,847		$7,776,405	117,626,341	$583,462
12/31/2021	12	$1,835,699	$1,883,717	$1,883,717	$133,810	$133,810	$10,913,815	1,805%	$7,114,235	126,276,341	$1,749,907
3/31/2022	3	$1,440,059	$1,501,544	$1,501,544	$127,670	$127,670	$11,119,440		$347,909	127,476,341	$1,373,874
6/30/2022	6	$2,959,597	$3,033,031	$3,033,031	$24,085	$24,085	$13,211,273		$1,017,955	194,484,673	$3,008,946
9/30/2022	9	$2,488,594	$2,653,945	$2,653,945	$240,263	$240,263	$12,849,795		$1,553,567	200,069,673	$2,413,682
12/31/2022	12	$1,802,284	$1,975,573	$1,975,573	$517,209	$517,209	$12,731,456	17%	$2,532,276	200,999,673	$1,458,364
3/31/2023	3	$2,315,442	$2,503,048	$2,503,048	$162,148	$162,148	$14,214,214		$258,852	196,487,655	$2,340,900
6/30/2023	6	$6,699,813	$7,137,391	$7,170,861	$1,006,887	$1,006,887	$18,075,094		$1,367,519	243,822,905	$6,130,504
9/30/2023	9	$2,593,123	$3,319,178	$3,697,410	$1,344,806	$1,344,806	$18,299,306		$5,541,461	262,063,907	$1,974,372
12/31/2023	12	$12,723,946	$25,087,641	$25,849,547	$504,930	$504,930	$42,081,995	231%	$8,694,197	272,593,193	$24,582,711
3/31/2024	3	$12,181,925	$24,543,329	$26,289,921	$891,874	$891,874	$43,342,050		$1,012,980	271,843,193	$23,651,455

Structure & People

Directors, Officers and Employees:	11,522,833	4.6%	AGM: June 17, 2024
Other Insiders:	33,556,870	13.4%	People Tree Available
Past Reported Shareholders:	10,560,000	N/A	People Tree Available

Related Party	Occupation	Related Since	Insider	Director	Capacity	Ownership	%
Kelly Malcolm	Geologist	3/2/2023				37,000	0.0%
Christopher Paul	Geologist	1/25/2022			CEO	8,765,833	3.5%
Peter Simeon	Lawyer	3/5/2021			Chairman	2,720,000	1.1%
Nicholas Tintor	Geologist	6/7/2021				0	0.0%
Barrick Gold Corp	Public Company	6/17/2024				33,556,870	13.4%
Laurence Curtis	Geologist	6/7/2021			Advisory Board	0	0.0%
Luis C. da Silva	Engineer	5/16/2022			Chairman	0	0.0%
Jean Depatie	Engineer	6/7/2021			Advisory Board	0	0.0%
Thomas Henricksen	Geologist	4/19/2022			Advisory Board	0	0.0%
Keith Li	Accountant	11/2/2022			CFO	0	0.0%
Christopher Longton	Geologist	5/23/2023			VP Exploration	0	0.0%
Antoine Soucy-Fradette	Engineer	1/25/2022			VP Exploration	0	0.0%
Past Insiders and Reported Shareholders - Current Ownership Status unknown - positions may be pre-rollback
Related Party	Occupation	Related Since	Insider Ended	Director Ended	Capacity	Ownership
Michael Bandrowski	Geologist	6/7/2021	9/24/2021	9/24/2021	Director	0
Darren Collins	Engineer	3/5/2021	6/17/2024	6/17/2024	CFO	5,000,000
Raymond D. Harari	Engineer	3/5/2021	6/17/2024	6/17/2024	President	3,700,000
Sidney Himmel	Accountant	3/5/2021	1/19/2022	1/19/2022	Chairman	13,211,676
Marc-Andre Lavoie	Broker	3/5/2021	6/17/2024	6/17/2024	Chairman	1,860,000
Share positions of current insiders based on last AGM circular, ownership % based on current Issued. Share positions of past insiders and shareholders have not been adjusted for rollbacks or splits.

Active Index Memberships


Membership Start Date:	January 4, 2024	Start Price:	$0.81
KRO Favorites 2024: Features companies designated 2024 KRO Favorites, based on closing price December 29, 2023 or when added during 2024..

Risk Analysis

Click here to view IPV Report

Key to Understanding the Spec Value Hunter Tables
Flagship Play	Secondary Plays	Other Plays
A Spec Value Hunter table allows speculators to identify which projects offer poor, fair or good speculative value according to the rational speculation model. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production.
Poor Speculative Value -	Fair Speculative Value -	Good Speculative Value -
Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits

Color Key for Target Outcome Achievability Ranges in millions ranked from most to least achievable
below $25	Should be Private: Artisanal, Placer, Mom & Pop Shop
$25-$50	Tiny Scale: underground mine or quarry - not worth the bother
$50-$100	Small Scale: junior needs to self-develop
$100-$250	Buyout Target: by Lower Tier Producers
$250-$500	Buyout Target: by Mid-Tier Producers
$500-$1,000	Ideal Target for Junior: Buckhorn, Sleeper
$1,000-$2,000	Almost World Class: Ekati, Red Chris, Brucejack, Juanicipio, Stibnite
$2,000-$5,000	World Class: Eskay Creek, Hemlo, Hermosa-Taylor, Oyu Tolgoi, LaRonde, McArthur
$5,000-$10,000	Giants: Escondida, Sullivan, Carlin Trend, Kidd Creek, Orapa, Kamoa-Kakula
above $10,000	Off the Scale District: Wits 1.0, Araxa, Sudbury Basin, Bayan Obo
The target outcome range required for the current implied project value to represent fair speculative value is based on the upper and lower certainty limits associated with the project stage. The color coding is based on the target outcome using the mid-point of the certainty range.

Active Company Projects
Project		Location		Net Interest	Stage	IPV $ MM	Fair Spec Value Required Target Outcome Range	$100	UPV $500	$2000	Target Metals	Deposit Style
	Hercules		United States - Idaho	100% WI	3-Discovery Delineation	$157	$3,140 - $6,279				Copper Molybdenum Silver	Porphyry

Project Stage	Flagship	Secondary	Active
Grassroots (1) & Target Testing (2)
Discovery Delineation (3)
Infill Drilling & Metallurgy (4)
PEA (5) or PFS (6)
Feasibility & Permitting (7)
Construction (8) or Production (9)
Clicking on the project icon will display a popup identifying the company project, its stage and target metals, basic facts, a chart, a link to that project within that company's KRO Profile, a link to the most recent news release, and a link to the most recent KRO comment if one exists.