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Hercules Metals is BIG and Going to Get a Lot BiggerBob Moriarty One of the things I rarely see in the junior mining sector is an analyst getting credit for a home run call. Since investors intend to take all the credit for their lucky investments, they need a bad guy to be responsible for all their poorly timed investments. So, we hear a lot of grousing about some guru or another and all their bad calls. It has nothing at all to do with the investor being foolish, buying at tops and selling at bottoms. All poor investments are someone else’s fault. Robert Sinn of Goldfinger Capital latched onto the Hercules (BIG-V) story when they had their first giant hole. It was a home run and for those who paid attention right away, the results have been lifechanging. Congratulations to him for exposing a wonderful success story. In 2021 a tiny Vancouver junior named Bald Eagle at the time did a deal on a minor silver project in western Idaho called the Leviathan property. It cost them ten million shares with a deemed value of $450,000 total plus a 2% NSR on any future production. By August of 2022 the company realized they needed a name change from Bald Eagle Gold to reflect their new status as a silver company and they became Hercules Silver. At about the same time the company started seeing the potential for a copper anomaly at Leviathan meaning instead of a simple silver story, they might be onto the discovery of a porphyry. The stock price was about $.08 a share. Hercules began a scout drill program in late 2022 and had excellent results right from the first hole. But what they found wasn’t a simple near surface silver story, it appeared they tapped into a silver rich copper porphyry from only 26 meters depth. Announcing the first hole, HER 22-01 in early February of 2023 shot the stock up 200% to about $.30 a share based on assays of 38 meters of 487 g/t AgEq from near surface. Success from their scout drilling program encouraged the company to begin a major 6,000-meter Phase II core drill program in the summer of 2023. In October of 2023 the company announced what would be their discovery hole showing 185.9 meters of 0.84% Cu with 2.9 g/t Ag associated with 111 ppm Mo. The shares were sitting at about $.20 and rocketed higher by 700% to $1.62 in a month as a result. One of the biggest problems with big discoveries is that the larger the project, the more money you need to define it. Luckily the majors were watching Hercules Silver’s progress carefully. About a month after the release of assays on the discovery hole Barrick Gold stepped up to the plate and invested about $23.5 million in a private placement at $1.10 a share. Robert Sinn of Goldfinger Capital was right on top of the story and as soon as the discovery hole was released, he arranged an excellent interview with the President of Hercules Silver, Chris Paul. Sinn has been pounding the table ever since on behalf of Hercules and those who listened profited greatly. When he first saw the news, he bought shares at $.31. After the discovery hole announced in October of 2023 the company continued to announce one big hole after another. In early January of 2024 the company released an assay of 161 meters of 0.45 Cu, with 4.4 g/t Ag and 148 ppm Mo. Later that month the company published a report of 100 meters of 0.76% Cu with 113 ppm Mo within 461 meters of 0.4% Cu and 74 ppm Mo. In June of 2024 the company realized that Canadian Truth in Advertising laws required yet another name change, this time to Hercules Metals. October 2024 brought more excellent results of 480 meters of 0.47% Cu with 82 ppm Mo. November of 2024 showed 338 meters of 0.47% Cu. February of 2025 gave numbers of 354 meters of 0.47% Cu. The 2025 drill program was expanded to a total of 13,000 meters of drilling. The outstanding grade and length of intercepts continued with 2026 with 801.6 meter of 0.40% CuEq and another hole of 788 meters of 0.54% CuEq Hercules continues to expand the technical program and continued use of two-phase Magnetotelluric ("MT") survey that identified the initial porphyry discovered in 2023. The company believes they have a whole series of porphyry deposits and has been busy drilling them. This is not just a project, it's an entirely new copper district over 73 km in length. (Click on image to enlarge)
With about 343 million shares outstanding and a price of $.56 as I write, Hercules has a market cap of under $200 million, $192 million to be more exact. Robert Sinn has done a back of the envelope calculation. He believes the company has potential of 5 billion pounds of copper. At $6 a pound that could mean $30 billion worth of copper in the ground and the company sells at 0.65% of that amount. To me that seems absurdly cheap. The company is on the radar of every major looking for a copper district in a safe jurisdiction. They will get taken out and it will be a hell of a lot higher price than their market cap today. Hercules is an advertiser. That makes me biased. Do your own due diligence. And do go through their presentation, it is excellent. Hercules Metals Corp ### Bob Moriarty 321gold Ltd |
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