Subscribe Now - Click Here:       1 Year for only $149   or   3 months for $99

Category: Mid-tier Producer
Rating & Risk: Login to view
Avesoro Resources Inc
www: aureus-mining.com     email: info@aureus-mining.com

Profile
Notes
Forum
Your Data

Symbol Data

Symbol Currency
TSE:ASO CAD
OTCMKTS:ARSMF USD

Description

Avesoro Resources Inc are a gold focused mid-tier producer with one mine in development in Liberia and exploration properties. They have approximately 3.3Moz. of gold in the reserves and resources category of which 2.3Moz. are in the measured and indicated category. They have a market capitalisation of ~C$160.92M which is a fall of roughly 48% over the last eleven months. As of 04/15/2018 they have ~C$101M debt and ~C$13.52M cash. They have 82M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

Login or Subscribe to access Don's Summary
Alert me when stock is updated

General Details

Financial 04/15/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $306.79M $160.92M 04/15/2018 $-145.87M
Total Assets: $211.19M $199.83M 04/15/2018 $-11.36M
Total Liabilities: $68.76M $65.06M 04/15/2018 $-3.70M
Current Assets: $29.38M $27.80M 04/15/2018 $-1.58M
Current Liabilities: $9.29M $8.79M 04/15/2018 $-0.50M
Total Debt: $106.39M $100.67M 04/15/2018 $-5.72M
Cash: $14.29M $13.52M 04/15/2018 $-0.77M
Enterprise Value: $398.89M $248.06M 11/10/1977 $-150.82M
Cash Flow: $48.63M $42.42M never $-6.20M
Cash Flow Multiple: 6.31 3.79 never -2.52
Net Debt to
Cash Flow Ratio:
1.89 2.05 never 0.16
Finance within 1 year: 04/15/2018 n/a
Tax Rate: (guess)  25.00% (CG)  25.00% 04/15/2018 0.00%
Misc 04/15/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 81,560,758 81,560,758 04/15/2018 0
Shares (FD): 84,000,000 84,000,000 04/15/2018 0
Insider Ownership: n/a 73% 04/15/2018 73%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 10/01/2014 04/15/2018 n/a
Production (Gold Eq Oz.): (guess) 
220,000
(guess) 
220,000
04/15/2018 0
Production (Silver Eq Oz.): (guess) 
17,799,880
(guess) 
18,612,427
04/15/2018 812,548
Initial CapEx (Outstanding): $50.00M
16.3% of Mkt.Cap
$50.00M
31.07% of Mkt.Cap
04/15/2018 $0.00M
Funding Option: n/a (guess)  Debt Financing 04/15/2018 n/a
Documentation: none PRODUCER 04/15/2018 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 04/15/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 1.20M 1.20M 04/15/2018 0.00M
Measured & Indicated: 2.30M 2.30M 04/15/2018 0.00M
Inferred: 1.00M 1.00M 04/15/2018 0.00M
Reserves & Resources: 3.30M 3.30M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 1.08M 1.08M 04/15/2018 0.00M
Measured & Indicated: 1.87M 1.87M 04/15/2018 0.00M
Inferred: 0.45M 0.45M 04/15/2018 0.00M
Reserves & Resources: 2.32M 2.32M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
220,000oz.
(guess) 
220,000oz.
04/15/2018 0oz.
Cash Cost: $650 $650 04/15/2018 $0.00
Extra Operating Cost: $400 $400 04/15/2018 $0.00
Average Grade: 2.30 g/t 2.30 g/t 04/15/2018 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 04/15/2018 0.00%
F
U
T
U
R
E
Proven & Probable: 3.00M 3.00M 04/15/2018 0.00M
Annual Production: 250,000oz. 250,000oz. 04/15/2018 0oz.
Cash Cost: $750 $750 04/15/2018 $0
Extra Operating Cost: $400 $400 04/15/2018 $0
SILVER 04/15/2018
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 04/15/2018 0.00M
Measured & Indicated: n/a n/a 04/15/2018 0.00M
Inferred: n/a n/a 04/15/2018 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 04/15/2018 0.00M
Measured & Indicated: n/a n/a 04/15/2018 0.00M
Inferred: n/a n/a 04/15/2018 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 04/15/2018 $0.00
Extra Operating Cost: n/a n/a 04/15/2018 $0.00
Average Grade: n/a n/a 04/15/2018 n/a
Recovery Rate: n/a n/a 04/15/2018 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 04/15/2018 0.00M
Annual Production: n/a n/a 04/15/2018 n/a
Cash Cost: n/a n/a 04/15/2018 n/a
Extra Operating Cost: n/a n/a 04/15/2018 n/a

Property

Last Analysis Data  (04/15/2018)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development West Africa, Liberia New Liberty 100% 30,000 Open Pit show
Very large property with significant exploration potential.

Construction is underway for production of 120,000 oz in Q1 2015.

Low cash costs.
Exploration West Africa, Burkina Faso Gassose 100% (guess) n/a n/a show
Early exploration.
Exploration West Africa, Burkina Faso Ourare 100% (guess) n/a n/a show
600,000 oz resource

Still exploration.
Exploration West Africa, Burkina Faso Youga and Balogo 100% (guess) n/a n/a show
Two producing mines.

40,000 oz annually.
Exploration Cameroon Batouri 100% n/a n/a n/a
Exploration West Africa, Liberia Ndablama 100% n/a Open Pit show
1 million oz open pit project. There next mine.
Exploration Liberia Weaju 100% n/a n/a n/a
Total Land Package Size (ha): 30,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development West Africa, Liberia New Liberty 100% 30,000 Open Pit show
Very large property with significant exploration potential.

Construction is underway for production of 120,000 oz in Q1 2015.

Low cash costs.
Exploration West Africa, Burkina Faso Gassose 100% (guess) n/a n/a show
Early exploration.
Exploration West Africa, Burkina Faso Ourare 100% (guess) n/a n/a show
600,000 oz resource

Still exploration.
Exploration West Africa, Burkina Faso Youga and Balogo 100% (guess) n/a n/a show
Two producing mines.

40,000 oz annually.
Exploration Cameroon Batouri 100% n/a n/a n/a
Exploration West Africa, Liberia Ndablama 100% n/a Open Pit show
1 million oz open pit project. There next mine.
Exploration Liberia Weaju 100% n/a n/a n/a
Total Land Package Size (ha): 30,000  

Profitability (by resource)

Proven &
Probable
04/15/2018
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.): 1.20M 1.20M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 4.43M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 1.08M 1.08M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 3.99M
Maximum Profit (Gold): $238.71M $208.25M n/a $-30.46M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $238.71M $208.25M n/a $-30.46M
Max Profit / Current MCap: 0.778 1.294 n/a 0.516
Max Profit Per Share (Gold): $2.84 $2.48 n/a $-0.36
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.84 $2.48 n/a $-0.36
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $284.06 $149.00 n/a $-135.06
FD Mkt. Cap / Silver Eq.: $3.51 $1.76 n/a $-1.75
FD Mkt. Cap / Per Metal
as % Spot Price:
21.12% 11.40% n/a -9.73%
Measured &
Indicated
04/15/2018
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.): 2.30M 2.30M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 8.49M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 1.87M 1.87M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 6.91M
Maximum Profit (Gold): $413.76M $360.97M n/a $-52.79M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $413.76M $360.97M n/a $-52.79M
Max Profit / Current MCap: 1.349 2.243 n/a 0.894
Max Profit Per Share (Gold): $4.93 $4.30 n/a $-0.63
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $4.93 $4.30 n/a $-0.63
Total Free Profit Per Share: $0.33 $1.75 n/a $1.42
FD Mkt. Cap / Gold Eq.: $163.88 $85.96 n/a $-77.92
FD Mkt. Cap / Silver Eq.: $2.03 $1.02 n/a $-1.01
FD Mkt. Cap / Per Metal
as % Spot Price:
12.19% 6.58% n/a -5.61%

Reserves &
Resources
04/15/2018
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.): 3.30M 3.30M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 12.19M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 2.32M 2.32M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 8.58M
Maximum Profit (Gold): $513.22M $447.74M n/a $-65.48M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $513.22M $447.74M n/a $-65.48M
Max Profit / Current MCap: 1.673 2.782 n/a 1.110
Max Profit Per Share (Gold): $6.11 $5.33 n/a $-0.78
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $6.11 $5.33 n/a $-0.78
Total Free Profit Per Share: $1.51 $2.78 n/a $1.27
FD Mkt. Cap / Gold Eq.: $132.12 $69.30 n/a $-62.82
FD Mkt. Cap / Silver Eq.: $1.63 $0.82 n/a $-0.81
FD Mkt. Cap / Per Metal
as % Spot Price:
9.83% 5.30% n/a -4.52%

Future Valuation (Cash Flow & Totals)

Login to view

Defaults

We use cookies on this website. By using this site, you agree that we may store and access cookies on your device. Find out more here.     ×
Register for a FREE account
  • Get Don's "Guide to valuing mining stocks", which features as a chapter in his book.
  • Set up stock alerts
  • Join our mailing list (Don's thoughts)*
  • Try out searching, portfolios and other paid features.
* Average email frequency will be no more than 2-3 times per week
Processing

Thank you for registering!

We have sent you an email to verify your address. Please click the link or paste it into your web browser to confirm your subscription and receive your free chapter.