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Category: Junior: Emerging Mid-tier Producer
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Blackham Resources Ltd
www: blackhamresources.com.au     email: admin@blackhamresources.com.au

Profile
Notes
Forum
Your Data

Symbol Data

Symbol Currency
ASX:BLK AUD
OTCMKTS:BKHRF USD

Description

Blackham Resources Ltd are a gold focused junior, emerging mid-tier producer with two mines in development in Australia. They have approximately 6Moz. of gold in the reserves and resources category of which 3Moz. are in the measured and indicated category. They have a market capitalisation of ~A$57.3M which is a rise of roughly 80% over the last ten months. As of 12/30/2017 they have ~A$28M debt and ~A$7.49M cash. They have 1,259M shares outstanding and trade on the Australian Stock Exchange and the over-the-counter markets.

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General Details

Financial 12/30/2017
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $31.85M $57.30M 01/19/2018 $25.45M
Total Assets: $34.40M $32.97M 12/30/2017 $-1.43M
Total Liabilities: $20.33M $19.48M 12/30/2017 $-0.85M
Current Assets: $15.63M $14.98M 12/30/2017 $-0.65M
Current Liabilities: $1.02M $0.97M 12/30/2017 $-0.04M
Total Debt: $28.92M $27.72M 12/30/2017 $-1.20M
Cash: $7.82M $7.49M 12/30/2017 $-0.33M
Enterprise Value: $52.95M $77.52M 06/16/1972 $24.57M
Cash Flow: $4.31M $1.08M never $-3.23M
Cash Flow Multiple: 7.39 53.29 never 45.90
Net Debt to
Cash Flow Ratio:
4.90 18.81 never 13.92
Finance within 1 year: 12/30/2017 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 12/30/2017 0.00%
Misc 12/30/2017
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 359,000,000 1,259,000,000 01/19/2018 900,000,000
Shares (FD): 388,000,000 1,738,000,000 01/19/2018 1,350,000,000
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 08/01/2016 12/30/2017 n/a
Production (Gold Eq Oz.): (guess) 
60,000
(guess) 
60,000
12/30/2017 0
Production (Silver Eq Oz.): (guess) 
4,624,615
(guess) 
5,036,712
12/30/2017 412,097
Initial CapEx (Outstanding): $25.00M
78.5% of Mkt.Cap
$25.00M
43.63% of Mkt.Cap
12/30/2017 $0.00M
Funding Option: n/a n/a 12/30/2017 n/a
Documentation: none PRODUCER 01/19/2018 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 12/30/2017
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 1.20M 1.20M 12/30/2017 0.00M
Measured & Indicated: 3.00M 3.00M 12/30/2017 0.00M
Inferred: 3.00M 3.00M 12/30/2017 0.00M
Reserves & Resources: 6.00M 6.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 1.08M 1.08M 12/30/2017 0.00M
Measured & Indicated: 2.38M 2.38M 12/30/2017 0.00M
Inferred: 1.35M 1.35M 12/30/2017 0.00M
Reserves & Resources: 3.73M 3.73M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
60,000oz.
(guess) 
60,000oz.
12/30/2017 0oz.
Cash Cost: $800 $800 12/30/2017 $0.00
Extra Operating Cost: $400 $400 12/30/2017 $0.00
Average Grade: 3.00 g/t 3.00 g/t 12/30/2017 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 01/19/2018 0.00%
F
U
T
U
R
E
Proven & Probable: 5.00M 5.00M 12/30/2017 0.00M
Annual Production: 200,000oz. 200,000oz. 12/30/2017 0oz.
Cash Cost: $750 $750 12/30/2017 $0
Extra Operating Cost: $400 $400 12/30/2017 $0
SILVER 12/30/2017
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 12/30/2017 0.00M
Measured & Indicated: n/a n/a 12/30/2017 0.00M
Inferred: n/a n/a 12/30/2017 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 12/30/2017 0.00M
Measured & Indicated: n/a n/a 12/30/2017 0.00M
Inferred: n/a n/a 12/30/2017 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 12/30/2017 $0.00
Extra Operating Cost: n/a n/a 12/30/2017 $0.00
Average Grade: n/a n/a 12/30/2017 n/a
Recovery Rate: n/a n/a 12/30/2017 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 12/30/2017 0.00M
Annual Production: n/a n/a 12/30/2017 n/a
Cash Cost: n/a n/a 12/30/2017 n/a
Extra Operating Cost: n/a n/a 12/30/2017 n/a

Property

Last Analysis Data  (12/30/2017)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Western Australia, Australia Matilda 100% (guess) 78,000 Both show
Production scheduled for 2016.

60,000 to 80,000 year.
Development Western Australia, Australia Wiluna 100% (guess) n/a Both show
5 million oz deposit.

Open pit and underground

Production in 2019.
Total Land Package Size (ha): 78,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Western Australia, Australia Matilda 100% (guess) 78,000 Both show
Production scheduled for 2016.

60,000 to 80,000 year.
Development Western Australia, Australia Wiluna 100% (guess) n/a Both show
5 million oz deposit.

Open pit and underground

Production in 2019.
Total Land Package Size (ha): 78,000  

Profitability (by resource)

Proven &
Probable
12/30/2017
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.): 1.20M 1.20M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 8.24M
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 7.42M
Maximum Profit (Gold): $77.57M $19.35M n/a $-58.21M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $77.57M $19.35M n/a $-58.21M
Max Profit / Current MCap: 2.435 0.338 n/a -2.098
Max Profit Per Share (Gold): $0.20 $0.01 n/a $-0.19
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.20 $0.01 n/a $-0.19
Total Free Profit Per Share: $0.09 $0.00 n/a $-0.09
FD Mkt. Cap / Gold Eq.: $29.49 $53.05 n/a $23.56
FD Mkt. Cap / Silver Eq.: $0.38 $0.63 n/a $0.25
FD Mkt. Cap / Per Metal
as % Spot Price:
2.26% 4.33% n/a 2.06%
Measured &
Indicated
12/30/2017
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.): 3.00M 3.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 20.60M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 2.38M 2.38M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 16.32M
Maximum Profit (Gold): $170.64M $42.58M n/a $-128.07M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $170.64M $42.58M n/a $-128.07M
Max Profit / Current MCap: 5.358 0.743 n/a -4.615
Max Profit Per Share (Gold): $0.44 $0.02 n/a $-0.42
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.44 $0.02 n/a $-0.42
Total Free Profit Per Share: $0.33 $0.00 n/a $-0.33
FD Mkt. Cap / Gold Eq.: $13.40 $24.11 n/a $10.71
FD Mkt. Cap / Silver Eq.: $0.17 $0.29 n/a $0.11
FD Mkt. Cap / Per Metal
as % Spot Price:
1.03% 1.97% n/a 0.94%

Reserves &
Resources
12/30/2017
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.): 6.00M 6.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 41.21M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 3.73M 3.73M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 25.59M
Maximum Profit (Gold): $267.60M $66.77M n/a $-200.83M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $267.60M $66.77M n/a $-200.83M
Max Profit / Current MCap: 8.402 1.165 n/a -7.237
Max Profit Per Share (Gold): $0.69 $0.04 n/a $-0.65
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.69 $0.04 n/a $-0.65
Total Free Profit Per Share: $0.58 $0.00 n/a $-0.58
FD Mkt. Cap / Gold Eq.: $8.55 $15.38 n/a $6.83
FD Mkt. Cap / Silver Eq.: $0.11 $0.18 n/a $0.07
FD Mkt. Cap / Per Metal
as % Spot Price:
0.66% 1.25% n/a 0.60%

Future Valuation (Cash Flow & Totals)

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