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Category: Junior: Late Stage Developer
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Kerr Mines Inc
www: kerrmines.com     email: info@kerrmines.com

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Notes
Forum
Your Data

Symbol Data

Symbol Currency
OTCMKTS:KERMF USD
TSE:KER CAD

Description

Kerr Mines Inc are a gold focused junior, late stage development company with two producing mines in Canada and USA and four exploration properties. Currently they produce roughly per year. They have approximately 0.4Moz. of gold in the reserves and resources category of which 0.3Moz. are in the measured and indicated category. They have a market capitalisation of ~C$41.85M which is a fall of roughly 14% over the last ten months. As of 09/30/2017 they have ~C$7M debt and ~C$2.13M cash. They have 235M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 07/18/2017
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $48.74M $41.85M 07/18/2017 $-6.89M
Total Assets: $16.53M $17.41M 09/30/2017 $0.89M
Total Liabilities: $13.27M $10.50M 09/30/2017 $-2.77M
Current Assets: $5.54M $2.62M 09/30/2017 $-2.92M
Current Liabilities: $3.17M $0.83M 09/30/2017 $-2.35M
Total Debt: $7.52M $7.29M 09/30/2017 $-0.23M
Cash: $5.54M $2.13M 09/30/2017 $-3.41M
Enterprise Value: $50.72M $47.02M 06/28/1971 $-3.70M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to
Cash Flow Ratio:
n/a n/a never 0.00
Finance within 1 year: 07/18/2017 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 07/18/2017 0.00%
Misc 07/18/2017
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 235,000,000 235,410,000 09/30/2017 410,000
Shares (FD): 262,000,000 262,000,000 07/18/2017 0
Insider Ownership: n/a 43% 07/18/2017 43%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 07/18/2017 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
07/18/2017 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
07/18/2017 0
Initial CapEx (Outstanding): n/a n/a 07/18/2017 n/a
Funding Option: n/a n/a 07/18/2017 n/a
Documentation: none none 07/18/2017 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 07/18/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 0.25M 0.25M 07/18/2017 0.00M
Measured & Indicated: 0.30M 0.30M 07/18/2017 0.00M
Inferred: 0.10M 0.10M 07/18/2017 0.00M
Reserves & Resources: 0.40M 0.40M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 0.23M 0.23M 07/18/2017 0.00M
Measured & Indicated: 0.26M 0.26M 07/18/2017 0.00M
Inferred: 0.05M 0.05M 07/18/2017 0.00M
Reserves & Resources: 0.31M 0.31M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 07/18/2017 $0.00
Extra Operating Cost: $0 $0 07/18/2017 $0.00
Average Grade: 10.00 g/t 10.00 g/t 07/18/2017 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 07/18/2017 0.00%
F
U
T
U
R
E
Proven & Probable: 0.50M 0.50M 07/18/2017 0.00M
Annual Production: 50,000oz. 50,000oz. 07/18/2017 0oz.
Cash Cost: $800 $800 07/18/2017 $0
Extra Operating Cost: $400 $400 07/18/2017 $0
SILVER 07/18/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 07/18/2017 0.00M
Measured & Indicated: n/a n/a 07/18/2017 0.00M
Inferred: n/a n/a 07/18/2017 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 07/18/2017 0.00M
Measured & Indicated: n/a n/a 07/18/2017 0.00M
Inferred: n/a n/a 07/18/2017 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 07/18/2017 $0.00
Extra Operating Cost: n/a n/a 07/18/2017 $0.00
Average Grade: n/a n/a 07/18/2017 n/a
Recovery Rate: n/a n/a 07/18/2017 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 07/18/2017 0.00M
Annual Production: n/a n/a 07/18/2017 n/a
Cash Cost: n/a n/a 07/18/2017 n/a
Extra Operating Cost: n/a n/a 07/18/2017 n/a

Property

Last Analysis Data  (07/18/2017)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production Ontario, Canada McGarry 75% 480 Underground show
Production began in 2013. But I think it was halted.

Company presentation is 1 year old.
Production Arizona, USA Copperstone 100% n/a Underground show
The halted production in October 2013. But there is a very good chance production will resume, especially at higher gold prices.

450,000 oz high grade deposit (9 gpt)
Exploration Ontario, Canada Swansea 75% (guess) n/a n/a show
Early exploration.
Exploration Nevada, USA Belmont 100% n/a n/a n/a
Exploration Eureka, USA Gold Bar 100% n/a n/a n/a
Exploration Western Arizona, USA Oatman 100% n/a n/a n/a
Total Land Package Size (ha): 480  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production Ontario, Canada McGarry 75% 480 Underground show
Production began in 2013. But I think it was halted.

Company presentation is 1 year old.
Production Arizona, USA Copperstone 100% n/a Underground show
The halted production in October 2013. But there is a very good chance production will resume, especially at higher gold prices.

450,000 oz high grade deposit (9 gpt)
Exploration Ontario, Canada Swansea 75% (guess) n/a n/a show
Early exploration.
Exploration Nevada, USA Belmont 100% n/a n/a n/a
Exploration Eureka, USA Gold Bar 100% n/a n/a n/a
Exploration Western Arizona, USA Oatman 100% n/a n/a n/a
Total Land Package Size (ha): 480  

Profitability (by resource)

Proven &
Probable
07/18/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.25M 0.25M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.59M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.23M 0.23M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.53M
Maximum Profit (Gold): $69.68M $77.38M n/a $7.70M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $69.68M $77.38M n/a $7.70M
Max Profit / Current MCap: 1.430 1.849 n/a 0.419
Max Profit Per Share (Gold): $0.27 $0.30 n/a $0.03
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.27 $0.30 n/a $0.03
Total Free Profit Per Share: $0.03 $0.09 n/a $0.06
FD Mkt. Cap / Gold Eq.: $216.61 $186.00 n/a $-30.61
FD Mkt. Cap / Silver Eq.: $2.83 $2.36 n/a $-0.47
FD Mkt. Cap / Per Metal
as % Spot Price:
17.43% 14.40% n/a -3.03%
Measured &
Indicated
07/18/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.30M 0.30M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.71M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.26M 0.26M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.62M
Maximum Profit (Gold): $80.83M $89.76M n/a $8.93M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $80.83M $89.76M n/a $8.93M
Max Profit / Current MCap: 1.658 2.145 n/a 0.486
Max Profit Per Share (Gold): $0.31 $0.34 n/a $0.03
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.31 $0.34 n/a $0.03
Total Free Profit Per Share: $0.07 $0.14 n/a $0.06
FD Mkt. Cap / Gold Eq.: $186.73 $160.34 n/a $-26.39
FD Mkt. Cap / Silver Eq.: $2.44 $2.04 n/a $-0.41
FD Mkt. Cap / Per Metal
as % Spot Price:
15.03% 12.42% n/a -2.61%

Reserves &
Resources
07/18/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.40M 0.40M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.95M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.31M 0.31M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.73M
Maximum Profit (Gold): $94.76M $105.24M n/a $10.47M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $94.76M $105.24M n/a $10.47M
Max Profit / Current MCap: 1.944 2.515 n/a 0.570
Max Profit Per Share (Gold): $0.36 $0.40 n/a $0.04
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.36 $0.40 n/a $0.04
Total Free Profit Per Share: $0.13 $0.20 n/a $0.07
FD Mkt. Cap / Gold Eq.: $159.27 $136.76 n/a $-22.51
FD Mkt. Cap / Silver Eq.: $2.08 $1.74 n/a $-0.35
FD Mkt. Cap / Per Metal
as % Spot Price:
12.82% 10.59% n/a -2.23%

Future Valuation (Cash Flow & Totals)

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