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KRO Company Profile

Hercules Silver Corp (BIG-V)
RSWeb SiteTreeForumSEDARQuoteFree
Trade DateVolumeHighLowCloseChgStatus
February 23, 2024298,100$0.790$0.750$0.750($0.020)Trading
Basic Info
Listed On:TSXV: BIG2/6/2020Sector:ResourceKey People
Issued:215,366,63311/7/2023Story Type:Discovery ExplorationChristopher Paul (CEO), Luis C. da Silva (Chair), Peter Simeon (Chair), Raymond Harari (Pres), Keith Li (CFO), Christopher Longton (VP EX), Antoine Soucy-Fradette (VP EX),
Diluted:264,838,275
JK Owns:No
Insider Stake:6%4/19/2021Tel:(786) 633-1756
Working Capital:$1,974,3729/30/2023Email:Address
Market Cap:$161,524,975
Web Site:herculessilver.com100 King St WEst #1600, Toronto, ON, M5X 1G5, Canada
Cash Breakup:$0.01per shTwitter:@HerculesSilver_
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
Corporate Change History


#Old for NewLast PricePrior NameSubsequent NameDetails
Mar 24, 2021Name Change0.833:1$0.04Wolf Acquisition Corp (WOLF.P-V)Bald Eagle Gold Corp (BIG-V)1.2 new for 1 old split.
Aug 24, 2022Name Change1:1$0.08Bald Eagle Gold Corp (BIG-V)Hercules Silver 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 FT 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: September 30, 2023 Reporting Period: 9 months Year End: 12/31 Currency: CAD
Assets Liabilities Income
Cash Equivalents: $2,593,123 Current Liabilities: $1,344,806 Operating Revenues: $0
Receivables etc: $726,055 Tangible LT Debt: $0 Operating Cash Costs: $0
Current Assets: $3,319,178 Intangible LT Debt: $0 Operating Cash Flow: $0
Long Term Assets:$378,232Total Liabilities:$1,344,806Operating Non-Cash Costs:$0




Miscellaneous Revenue:$0
Total Assets: $3,697,410 Share Capital: $18,299,306 Cash Expenses: $5,541,461


Shareholder Deficit: ($15,946,702) Non-Cash Expenses: $647,691
Working Capital: $1,974,372 Net Shareholder Equity: $2,352,604 Total Expenses: $6,189,152




Overall Cash Flow:($5,541,461)
Monthly Overhead:$615,718

Net Income (Loss):($6,189,152)

Note:
Capital History
Date PeriodCash EqCurrent
Assets
Total
Assets
Current
Liabilities
Total
Liabiltiies
Share
Capital
GAINCash
Expenses
DilutedWorking
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
Structure & People
Directors, Officers and Employees: 13,030,000 6.1% AGM: March 5, 2021
Other Insiders: 0 0.0% People Tree Available
Past Reported Shareholders: 0 N/A
Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Darren Collins Engineer 3/5/2021
CFO 5,000,000 2.3%
Raymond Harari Engineer 3/5/2021 President 3,700,000 1.7%
Marc-Andre Lavoie Broker 3/5/2021
Chairman 1,860,000 0.9%
Kelly Malcolm Geologist 3/2/2023

0 0.0%
Peter Simeon Lawyer 3/5/2021 Chairman 2,470,000 1.1%
Nicholas Tintor Geologist 6/7/2021

0 0.0%
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%
Christopher Paul Geologist 1/25/2022
CEO 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
Sidney Himmel Accountant 3/5/2021 1/19/2022 1/19/2022
Chairman 13,211,676
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, 2024Start 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 $199 $3,973 - $7,945 Copper Molybdenum SilverPorphyry
Project StageFlagshipSecondaryActive
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.
Company Projects

Hercules Project
Featured in Share Collective
HerculesUnited StatesIDIdaho0 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 1.00%
Ownership Terms: Agreement July 23, 2021 to acquire 1218530 BC Ltd for $175,000 and 1.4 million shares, plus a $1 million milestone payment on the start of production. Vendor retains 2% NSR of which half can be bought for $1 million. Kurt K. Hoffman received finder's fee of $17,500 and 140,000 shares.
Target Metals: Copper Molybdenum SilverModel: PorphyryStage: 3-Discovery Delineation
See Reliable Project Location Google Map in free Corporate Profile
Company Related KRO Comments
Nov 22, 2023Kaiser Watch - 0:00:00
Nov 22, 2023KW Excerpt: Kaiser Watch November 22, 2023: Hercules Silver Corp (BIG-V)

Company News Releases - Members Only
Feb 21, 2024Mining Sector Surges and Technology Issuers Bounce Back in TSX Venture Exchange's 2024 Venture 50 Ranking
Feb 12, 2024Additions to Geological Team
Jan 22, 2024Drills 100 Meters of 0.76% Cu, 113 ppm Mo, Within 461 Meters of 0.4% Cu, 74 ppm Mo
Jan 2, 2024Drills 161 Meters of 0.45% Cu, 148 ppm Mo, 4.4 g/t Ag, including 79 Meters of 0.53% Cu, 7.3 g/t Ag in 450 Meter Step Out
Nov 29, 2023Belgravia Hartford Provides Corporate Update
Nov 15, 2023Property Asset or Share Purchase Agreement
Nov 13, 2023Barrick Announces Additional Investment in Hercules Silver
Nov 8, 2023Private Placement Non Brokered
Nov 7, 2023Closing of Strategic Investment by Barrick Gold Corporation
Nov 6, 2023Barrick Gold Invests in Hercules Silver
Nov 1, 2023Intercepts 42 meters of 139 g/t Ag and 25 meters of 195 g/t Ag with Cu, Zn, Mn and Sb Critical Metals Above Porphyry Copper System at Hercules
Oct 10, 2023Hercules Silver Intersects 185 Meters of 0.84% Cu, 111 ppm Mo and 2.6 g/t Ag, Including 45 Meters of 1.94% Cu in First Deep Hole Drilled at Hercules
Oct 2, 2023Enters into Lease Option Agreement for Copper Gold Porphyry Target in Hercules Mining District
Sep 8, 2023Intercepts 27.3 Meters of 113 g/t Silver Equivalent Above Porphyry Copper Mineralization in First Holes of Phase II Drill Program
Jul 28, 2023Adds Second Drill Rig to Phase II Drill Program
May 31, 2023Commences 6,000 Meter Phase II Drill Program
May 23, 2023Mr. Christopher Longton as VP Exploration
May 8, 2023Final Preparations Underway for Upsized Phase II Drill Program at Hercules
Apr 25, 2023Private Placement Brokered
Apr 25, 2023Strengthens New Porphyry Copper/Skarn Target with Gold Grades up to 4.5 g/t and Uncovers New Silver Zone
Apr 20, 2023Closing of $5.75 Million Brokered Private Placement
Mar 30, 2023Brokered Private Placement of up to $5 Million
Mar 2, 2023Appoints Mr. Kelly Malcolm as Independent Director
Feb 28, 2023Drills 38 Meters of 487 g/t Silver Equivalent in Maiden Drill Program
Feb 14, 2023Discovery Focused Phase II Drill Plan
Jan 24, 2023Sample Results Delineate Large Mineral System, with up to 2,810 g/t Ag and 21% Cu in Untested Targets
Dec 15, 2022Identifies Large Untested Chargeability Anomaly at Depth
Dec 5, 2022Completes 2022 Drilling
Nov 3, 2022Commences Drilling
Nov 2, 2022Management Appointment
Oct 18, 2022Completes Extensive Mapping and Sampling Program on Hercules; Announces Commencement of 3D IP
Oct 17, 2022Board Change
Aug 31, 2022Further Defines New Porphyry Style Copper Anomaly at the Leviathan Zone
Aug 24, 2022Exchange Approval for Name Change to Hercules Silver Corp. and Provides Exploration Update
Aug 22, 2022Name Change
Aug 18, 2022Bald Eagle Announces Name Change to Hercules Silver Corp.
Aug 4, 2022Rebrand Under Hercules Silver Corp. and Provides Corporate Update
Jul 15, 2022Results of its Annual General and Special Meeting
Jun 28, 2022Trading on the OTCQB Venture Market and DTC Eligibility of Its Common Shares in the United States
Jun 27, 2022Mails and Files Circular Relating to its Annual General and Special Meeting of Shareholders
Jun 13, 2022Private Placement Non Brokered
Jun 13, 2022Unveils New Porphyry Style Copper Anomaly on Consolidated Hercules Land Package
Jun 1, 2022Closing of Approximately $2.3 Million Non Brokered Private Placement
May 16, 2022Appoints Luis da Silva as Chairman of the Board
May 11, 2022$2,300,000 Private Placement Led by Crescat Capital
Apr 19, 2022Appoints Dr. Tom Henricksen to Board of Advisors
Mar 24, 2022High Grade Soil Sample Discoveries, Extension of Strike Length of Hercules Silver Deposit with Newly Identified Silver Mineralized Zones
Mar 9, 2022Releases 3D Model of Hercules Silver Property Prepared by Goldspot Discoveries
Feb 28, 2022Completion Of Data Compilation And Rebranded Corporate Presentation
Feb 22, 2022Lists On Frankfurt Exchange And Engages Integral Wealth As Its Market maker
Feb 10, 2022Files National Instrument 43 101 Technical Report for its Hercules Silver Project in Idaho
Jan 25, 2022Executive Officer Appointments
Jan 19, 2022Resignation of Board Member
Nov 29, 2021Property Asset or Share Purchase Agreement
Nov 29, 2021Closing of Aqusition of Leviathan Property and Provides Corporate Update
Nov 16, 2021Acquisition of Leviathan Property in Idaho
Oct 29, 2021Appoints Darren Collins to the Board of Directors
Oct 29, 2021Property Asset or Share Disposition Agreement
Oct 28, 2021Closing of Assignment of Interest in Hot Springs Joint Venture for USD$1.27 Million
Oct 4, 2021Assignment of Interest in Hot Springs Joint Venture for USD$1.27 Million
Sep 24, 2021Appoints Raymond D. Harari as President, Announces Management and Board Changes
Aug 19, 2021Property Asset or Share Purchase Agreement
Aug 10, 2021Closes Acquisition of Hercules Silver Property, Idaho, USA
Jul 15, 2021Receives Final Assays from the 2021 Drill Program and Funds Summer Exploration Program at the Hot Springs Joint Venture
Jun 16, 2021Listing on the OTCQB Venture Market
Jun 7, 2021Makes Board and Advisory Appointments
May 19, 2021Discovers New Zone of Epithermal Mineralization at Hot Springs Project in Nevada
Apr 26, 2021Enters into Binding LOI to Acquire Historical Hercules Silver Property in Idaho
Apr 20, 2021Hot Springs Joint Venture Advances Exploration Objectives and Confirms Discovery of an Epithermal Mineral System
Apr 16, 2021Investor Relations Agreements
Apr 8, 2021Hot Springs Joint Venture Completes Drilling, Initial Core Logging, and Moves Forward with Core Cutting and Analysis
Mar 23, 2021CORRECTION, Qualifying Transaction Completed/New Symbol, Private Placement Non Brokered, Stock Split, Name Change, Reinstated for Trading
Mar 22, 2021Qualifying Transaction Completed/New Symbol, Private Placement Non Brokered, Stock Split, Name Change, Resume Trading


 

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