Freebased Copper

Update: SHL's CNC stake is worth 25% more than SHL's market cap heading into close on 12/14/2020.

Copper explorer Spruce Ridge

$13 mm market cap

Has 8 million shares of CNC

CNC is $1.84 per share

The company itself has a negative valuation once CNC value is deducted from fully diluted makret cap

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