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Euromax Resources Ltd are a gold focused junior, late stage development company with one mine in development in Macedonia (FYR) and three exploration properties. They have approximately 2.75Moz. of gold in the reserves and resources category of which 2.5Moz. are in the measured and indicated category. They have a market capitalisation of ~C$41.53M which is a fall of roughly 17% over the last four months. As of 10/28/2017 they have ~C$11M debt and ~C$3.26M cash. They have 135M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.
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Profitability (by resource)
Future Valuation (Cash Flow & Totals)
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2.5 million ounces, although first 25% is part of a gold streaming deal (until 525,000 oz are delivered), then 12.5% for the life of the mine.
Gold Price (last analysis) ($)
Silver Price (last analysis) ($)
Stock Price (last analysis) ($)
1 Yr Stock Price High ($)
Stock Price Change From 1 Yr High (%)
Stock Price USA 5-Year High ($) (including date)
1.56 - 9/19/2012
Stock Price USA 5-Year Low ($) (including date)
5 Cents - 1/9/2009
Under new management. The last team was voted out. The new team is doing a good job. They are aggressively trying to build their first mine.
Bulgaria, Macedonia, Serbia
Local Issues (wag)
Seem to be mining friendly countries.
Country of Incorporation
Ilovitza (Macedonia) is 2.5 million oz (.33 gpt) that also has nearly 2 billion lbs of copper. It is very low grade, but cash costs are still low. Production due in 2019, with permitting underway.
25% streaming deal for first 525,000 oz, then 12% for the mine life.
Shareholder Friendly (wag)
They may need to dilute severely to get their final financing. They need another $100 million.
Ore Grade (wag)
Low grade surface mines.
10/20/2016: Decreased rating from 3.5 to 3 after the stock increased in value.
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