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Sandspring Resources Ltd. are a gold focused junior, late stage development company with one mine in development in Guyana. They have approximately 10Moz. of gold in the reserves and resources category of which 7Moz. are in the measured and indicated category. They have a market capitalisation of ~C$35.58M which is a fall of roughly 44% over the last nine months. As of 06/30/2017 they have no debt and ~C$1.34M cash. They have 114M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.
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Profitability (by resource)
Future Valuation (Cash Flow & Totals)
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Permits appear to be completed (they say it is construction ready).
Gold Price (last analysis) ($)
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)
$32.40 - 12/31/2010 (reverse split)
Stock Price USA 5-Year Low ($) (including date)
5 Cents - 9/13/2015
Management team is suspect. Guidance and clarity of a plan has been lacking.
Local Issues (wag)
They have an access road, but power might need to be diesel (working on getting hydro power).
Country of Incorporation
Single Property: Toroparu, which is an 10 million oz resource (1 gpt).
It's not listed in the PFS, except for a note around 1 gpt. That could equate to 12 million oz at 370 million tons.
Sold 10% of gold production and 50% of silver production below cost to Silver Wheaton for 30% of the capex.
Shareholder Friendly (wag)
Likely to get diluted during capex financing.
Ore Grade (wag)
Recently found a satellite deposit: 100 meters at 1 gpt.
9/13/2015: Decreased rating from 3.5 to 3 because the stock has crashed 98% and they might not be able to finance the mine.
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