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Symbol Data
Symbol
Currency
CVE:VLC
CAD
OTCMKTS:VLCJF
USD
Description
Velocity Minerals Ltd are a gold focused junior, late stage development company with one mine in development in Bulgaria and exploration properties. They have approximately 0.75Moz. of gold in the reserves and resources category of which 0.5Moz. are in the measured and indicated category. They have a market capitalisation of ~C$17.74M which is a fall of roughly 15% over the last three months. As of 09/20/2023 they have no debt and ~C$1.1M cash. They have 181M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.
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General Details
Financial
09/20/2023 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
MCap (FD):
$20.96M
$17.74M
09/20/2023
$-3.21M
Total Assets:
$20.85M
$20.60M
09/20/2023
$-0.25M
Total Liabilities:
$0.74M
$0.74M
09/20/2023
$-0.01M
Current Assets:
$1.86M
$1.84M
09/20/2023
$-0.02M
Current Liabilities:
$0.65M
$0.64M
09/20/2023
$-0.01M
Total Debt:
$0.00M
$0.00M
09/20/2023
$0.00M
Cash:
$1.12M
$1.10M
09/20/2023
$-0.01M
Enterprise Value:
$19.84M
$16.64M
07/12/1970
$-3.20M
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:
Yes
Yes
09/20/2023
n/a
Misc
09/20/2023 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Shares Outstanding:
181,000,000
181,000,000
09/20/2023
0
Shares (FD):
201,000,000
201,000,000
09/20/2023
0
Insider Ownership:
n/a
65%
09/20/2023
65%
Company Type:
Mostly Gold
Mostly Gold
never
n/a
Production ETA:
n/a
10/01/2025
09/20/2023
n/a
Production (Gold Eq Oz.):
(guess) 0
(guess) 0
09/20/2023
0
Production (Silver Eq Oz.) :
(guess) 0
(guess) 0
09/20/2023
0
Initial CapEx (Outstanding):
$90.00M429.45% of MCap
$90.00M507.21% of MCap
09/20/2023
$0.00M
Funding Option:
n/a
n/a
09/20/2023
n/a
Documentation:
none
PFS
09/20/2023
n/a
Future MCap Modifier:
0.05Developer: Early Development
0.05Developer: Early Development
04/24/2023
0
Cash Flow Multiplier:
2
2
04/23/2023
0.00
Resource Data
GOLD
09/20/2023 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
O U N C E S
T O T A L
Proven & Probable:
0.45M
0.45M
09/20/2023
0.00M
Measured & Indicated:
0.50M
0.50M
09/20/2023
0.00M
Inferred:
0.25M
0.25M
09/20/2023
0.00M
Reserves & Resources:
0.75M
0.75M
never
0.00M
P L A U S I B L E
Proven & Probable:
0.36M
0.36M
09/20/2023
0.00M
Measured & Indicated:
0.39M
0.39M
09/20/2023
0.00M
Inferred:
0.10M
0.10M
09/20/2023
0.00M
Reserves & Resources:
0.49M
0.49M
never
0.00M
C U R R E N T
Annual Production:
n/a
n/a
0oz.
Cash Cost:
n/a
n/a
09/20/2023
$0.00
Extra Operating Cost:
n/a
n/a
09/20/2023
$0.00
Average Grade:
0.60 g/t
0.60 g/t
09/20/2023
n/a
Recovery Rate:
(CG) 80.00%
(CG) 80.00%
09/20/2023
0.00%
F U T U R E
Proven & Probable:
0.80M
0.80M
09/20/2023
0.00M
Annual Production:
60,000oz.
60,000oz.
09/20/2023
0oz.
Cash Cost:
$1,000
$1,000
09/20/2023
$0
Extra Operating Cost:
$500
$500
09/20/2023
$0
SILVER
09/20/2023 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
09/20/2023
0.00M
Measured & Indicated:
n/a
n/a
09/20/2023
0.00M
Inferred:
n/a
n/a
09/20/2023
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
09/20/2023
0.00M
Measured & Indicated:
n/a
n/a
09/20/2023
0.00M
Inferred:
n/a
n/a
09/20/2023
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
09/20/2023
$0.00
Extra Operating Cost:
n/a
n/a
09/20/2023
$0.00
Average Grade:
n/a
n/a
09/20/2023
n/a
Recovery Rate:
n/a
n/a
09/20/2023
0.00%
F U T U R E
Proven & Probable:
n/a
n/a
09/20/2023
0.00M
Annual Production:
n/a
n/a
09/20/2023
n/a
Cash Cost:
n/a
n/a
09/20/2023
n/a
Extra Operating Cost:
n/a
n/a
09/20/2023
n/a
Property
Last Analysis Data (09/20/2023)
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Development
Eastern Europe , Bulgaria
Rozino
70% (guess)
16,000
Open Pit
show
(Rozino is in the Tintyava property, 70% held by the company)
500,000 oz at .6 gpt
PEA in 2017
$97 million capex
About 50,000 oz of annual production
Exploration
Bulgaria
Dangovo
100% (guess)
n/a
n/a
n/a
Exploration
Eastern Europe , Bulgaria
Iglika
25% (guess)
n/a
n/a
show
JV with Dundee on the Iglika (they have 25%).
Dundee must drill 40K meters and provide a PFS
Exploration
Bulgaria
Kalabak
75% (guess)
n/a
n/a
show
located approximately 10 kilometres north of Dundee Precious Metals Ada Tepe operating open pit mine (4.26 Mt at 4.8 g/t Au). 6 kilometres northwest from the Rozino deposit
Exploration
Bulgaria , Bulgaria
Makedontsi
70% (guess)
n/a
Open Pit
show
300,000 oz open pit.
Exploration
Bulgaria
Momchil
70% (guess)
n/a
n/a
n/a
Exploration
Eastern Europe , Bulgaria
Obichnik
70% (guess)
n/a
n/a
show
100,000 oz open pit.
Exploration
Bulgaria
Zlatusha
75% (guess)
19,500
n/a
show
Large, underexplored property with seven known copper-gold occurrences and 10,000m of historical drilling
Total Land Package Size (ha):
35,500
Current Data
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Development
Eastern Europe , Bulgaria
Rozino
70% (guess)
16,000
Open Pit
show
(Rozino is in the Tintyava property, 70% held by the company)
500,000 oz at .6 gpt
PEA in 2017
$97 million capex
About 50,000 oz of annual production
Exploration
Bulgaria
Dangovo
100% (guess)
n/a
n/a
n/a
Exploration
Eastern Europe , Bulgaria
Iglika
25% (guess)
n/a
n/a
show
JV with Dundee on the Iglika (they have 25%).
Dundee must drill 40K meters and provide a PFS
Exploration
Bulgaria
Kalabak
75% (guess)
n/a
n/a
show
located approximately 10 kilometres north of Dundee Precious Metals Ada Tepe operating open pit mine (4.26 Mt at 4.8 g/t Au). 6 kilometres northwest from the Rozino deposit
Exploration
Bulgaria , Bulgaria
Makedontsi
70% (guess)
n/a
Open Pit
show
300,000 oz open pit.
Exploration
Bulgaria
Momchil
70% (guess)
n/a
n/a
n/a
Exploration
Eastern Europe , Bulgaria
Obichnik
70% (guess)
n/a
n/a
show
100,000 oz open pit.
Exploration
Bulgaria
Zlatusha
75% (guess)
19,500
n/a
show
Large, underexplored property with seven known copper-gold occurrences and 10,000m of historical drilling
Total Land Package Size (ha):
35,500
Profitability (by resource)
Proven & Probable
09/20/2023 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.):
0.45M
0.45M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
1.35M
P L A U S I B L E
Gold Eq. Oz.:
0.36M
0.36M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
1.08M
Maximum Profit (Gold):
$152.82M
$180.25M
n/a
$27.43M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$152.82M
$180.25M
n/a
$27.43M
Max Profit / Current MCap:
7.292
10.158
n/a
2.866
Max Profit Per Share (Gold):
$0.76
$0.90
n/a
$0.14
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$0.76
$0.90
n/a
$0.14
Total Free Profit Per Share:
$0.62
$0.78
n/a
$0.16
FD MCap / Gold Eq.:
$58.21
$49.29
n/a
$-8.92
FD MCap / Silver Eq.:
$0.70
$0.57
n/a
$-0.13
FD MCap / Per Metal as % Spot Price:
3.02%
2.46%
n/a
-0.56%
Measured & Indicated
09/20/2023 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.):
0.50M
0.50M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
1.50M
P L A U S I B L E
Gold Eq. Oz.:
0.39M
0.39M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
1.18M
Maximum Profit (Gold):
$166.40M
$196.27M
n/a
$29.87M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$166.40M
$196.27M
n/a
$29.87M
Max Profit / Current MCap:
7.940
11.061
n/a
3.121
Max Profit Per Share (Gold):
$0.83
$0.98
n/a
$0.15
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$0.83
$0.98
n/a
$0.15
Total Free Profit Per Share:
$0.69
$0.86
n/a
$0.17
FD MCap / Gold Eq.:
$53.46
$45.27
n/a
$-8.20
FD MCap / Silver Eq.:
$0.64
$0.52
n/a
$-0.12
FD MCap / Per Metal as % Spot Price:
2.78%
2.26%
n/a
-0.52%
Reserves & Resources
09/20/2023 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.):
0.75M
0.75M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
2.25M
P L A U S I B L E
Gold Eq. Oz.:
0.49M
0.49M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
1.48M
Maximum Profit (Gold):
$208.85M
$246.34M
n/a
$37.49M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$208.85M
$246.34M
n/a
$37.49M
Max Profit / Current MCap:
9.966
13.883
n/a
3.917
Max Profit Per Share (Gold):
$1.04
$1.23
n/a
$0.19
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$1.04
$1.23
n/a
$0.19
Total Free Profit Per Share:
$0.90
$1.11
n/a
$0.21
FD MCap / Gold Eq.:
$42.60
$36.07
n/a
$-6.53
FD MCap / Silver Eq.:
$0.51
$0.42
n/a
$-0.09
FD MCap / Per Metal as % Spot Price:
2.21%
1.80%
n/a
-0.41%
Future Valuation (Cash Flow & Totals)
Defaults
Defaults
09/20/2023 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Exchange Rates:
CAD 0.7447
CAD 0.7357
12/08/2023
Spot Gold:
$1,924.50
$2,000.70
12/08/2023
$76.20
Spot Silver:
$23.05
$23.13
12/08/2023
$0.08
Gold:Silver Ratio:
83.49
86.50
12/08/2023
3.01
Spot Gold (Future):
$3,000.00
$3,000.00
$0.00
Spot Silver (Future):
$100.00
$100.00
$0.00
Gold:Silver Ratio (Future):
30.00
30.00
0.00
Gold Avg. Recovery Rate:
75.00%
75.00%
0.00%
Silver Avg. Recovery Rate:
75.00%
75.00%
0.00%
Plausibility of P & P:
100.00%
100.00%
0.00%
Plausibility of M & I:
80.00%
80.00%
0.00%
Plausibility of Inferred:
50.00%
50.00%
0.00%
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