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Horizon Gold Ltd

www: horizongold.com.au   email: info@horizongold.com.au
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
ASX:HRN AUD

Description

Horizon Gold Ltd are a gold focused junior, late stage developer with one mine in development in Australia. They have approximately 2.1Moz. of gold in the reserves and resources category of which 1.3Moz. are in the measured and indicated category. They have a market capitalisation of ~A$22.15M which is a fall of roughly 28% over the last nine months. As of 07/30/2023 they have no debt and ~A$0.13M cash. They have 125M shares outstanding and trade on the Australian Stock Exchange.

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General Details

Financial 07/30/2023
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
MCap (FD): $30.67M $22.15M 07/30/2023 $-8.51M
Total Assets: $6.00M $5.86M 07/30/2023 $-0.14M
Total Liabilities: $0.67M $0.65M 07/30/2023 $-0.02M
Current Assets: $0.13M $0.13M 07/30/2023 $0.00M
Current Liabilities: $0.67M $0.65M 07/30/2023 $-0.02M
Total Debt: $0.00M $0.00M 07/30/2023 $0.00M
Cash: $0.13M $0.13M 07/30/2023 $0.00M
Enterprise Value: $30.53M $22.02M 09/12/1970 $-8.51M
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: 07/30/2023 n/a
Misc 07/30/2023
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 125,000,000 125,000,000 07/30/2023 0
Shares (FD): 126,000,000 126,000,000 07/30/2023 0
Insider Ownership: n/a 50% 11/19/2023 50%
Dividend (Annual): n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2026 07/30/2023 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
07/30/2023 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
07/30/2023 0
Initial CapEx (Outstanding): n/a n/a 07/30/2023 n/a
Funding Option: n/a n/a 07/30/2023 n/a
Documentation: none PFS 11/19/2023 n/a
Future MCap Modifier: 0.08
Developer: Location Risk for Production
0.08
Developer: Location Risk for Production
07/30/2023 0
Cash Flow Multiplier: 4 4 07/30/2023 0.00

Resource Data

GOLD 07/30/2023
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 07/30/2023 0.00M
Measured & Indicated: 1.30M 1.30M 07/30/2023 0.00M
Inferred: 0.80M 0.80M 07/30/2023 0.00M
Reserves & Resources: 2.10M 2.10M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 07/30/2023 0.00M
Measured & Indicated: 0.94M 0.94M 07/30/2023 0.00M
Inferred: 0.36M 0.36M 07/30/2023 0.00M
Reserves & Resources: 1.30M 1.30M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 07/30/2023 $0.00
Extra Operating Cost: n/a n/a 07/30/2023 $0.00
G
R
A
D
E
Underground (Avg): 1.50 g/t n/a 07/30/2023 n/a
Open Pit (Avg): n/a 1.50 g/t 07/30/2023 1.50 g/t
Recovery Rate: (CG)  90.00% (CG)  90.00% 11/19/2023 0.00%
F
U
T
U
R
E
Proven & Probable: 2.00M 2.00M 07/30/2023 0.00M
Annual Production: 75,000oz. 75,000oz. 07/30/2023 0oz.
Cash Cost: $1,000 $1,000 07/30/2023 $0
Extra Operating Cost: $500 $500 07/30/2023 $0
SILVER 07/30/2023
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 07/30/2023 0.00M
Measured & Indicated: n/a n/a 07/30/2023 0.00M
Inferred: n/a n/a 07/30/2023 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 07/30/2023 0.00M
Measured & Indicated: n/a n/a 07/30/2023 0.00M
Inferred: n/a n/a 07/30/2023 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 07/30/2023 $0.00
Extra Operating Cost: n/a n/a 07/30/2023 $0.00
G
R
A
D
E
Underground (Avg): n/a n/a 07/30/2023 n/a
Open Pit (Avg): n/a n/a 07/30/2023 n/a
Recovery Rate: n/a n/a 07/30/2023 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 07/30/2023 0.00M
Annual Production: n/a n/a 07/30/2023 n/a
Cash Cost: n/a n/a 07/30/2023 n/a
Extra Operating Cost: n/a n/a 07/30/2023 n/a

Property

Last Analysis Data  (07/30/2023)
Stage Name Owned Au Ag Cu Notes
Dev Gum Creek 100% show
OP: 400,000 oz at 7 gpt
OP: 400,000 oz at 1 gpt
UG: 500,000 oz at 7 gpt

Past producing mine.

Updating feasibility study.

Large property: 48 targets.
Total Land Package Size (ha): 72,000  
Current Data
Stage Name Owned Au Ag Cu Notes
Dev Gum Creek 100% show
OP: 400,000 oz at 7 gpt
OP: 400,000 oz at 1 gpt
UG: 500,000 oz at 7 gpt

Past producing mine.

Updating feasibility study.

Large property: 48 targets.
Total Land Package Size (ha): 72,000  

Profitability (by resource)

Proven &
Probable
07/30/2023
Last Analysis
Data

Current Data

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

L

A

U

S

I

B

L

E
Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD MCap / Gold Eq.: n/a n/a n/a $0.00
FD MCap / Silver Eq.: n/a n/a n/a $0.00
FD MCap / Per Metal
as % Spot Price:
n/a n/a n/a 0.00%
Measured &
Indicated
07/30/2023
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.): 1.30M 1.30M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 6.23M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.94M 0.94M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 4.49M
Maximum Profit (Gold): $428.31M $763.40M n/a $335.09M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $428.31M $763.40M n/a $335.09M
Max Profit / Current MCap: 13.967 34.458 n/a 20.491
Max Profit Per Share (Gold): $3.40 $6.06 n/a $2.66
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $3.40 $6.06 n/a $2.66
Total Free Profit Per Share: $3.03 $5.79 n/a $2.75
FD MCap / Gold Eq.: $32.76 $23.67 n/a $-9.09
FD MCap / Silver Eq.: $0.41 $0.28 n/a $-0.13
FD MCap / Per Metal
as % Spot Price:
1.67% 1.02% n/a -0.65%

Reserves &
Resources
07/30/2023
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.): 2.10M 2.10M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 10.07M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 1.30M 1.30M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 6.21M
Maximum Profit (Gold): $593.05M $1,057.02M n/a $463.97M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $593.05M $1,057.02M n/a $463.97M
Max Profit / Current MCap: 19.339 47.711 n/a 28.373
Max Profit Per Share (Gold): $4.71 $8.39 n/a $3.68
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $4.71 $8.39 n/a $3.68
Total Free Profit Per Share: $4.34 $8.12 n/a $3.78
FD MCap / Gold Eq.: $23.66 $17.09 n/a $-6.57
FD MCap / Silver Eq.: $0.29 $0.20 n/a $-0.09
FD MCap / Per Metal
as % Spot Price:
1.21% 0.74% n/a -0.47%

Future Valuation (Cash Flow & Totals)

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