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Velocity Minerals Ltd

www: www.velocityminerals.com   email: info@velocityminerals.com
Category: Junior: Late Stage Developer
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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 three 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$21.5M which is a fall of roughly 5% over the last eight months. As of 09/18/2022 they have ~C$3M debt and ~C$5.15M cash. They have 161M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 09/18/2022
Last
Analysis
Data
Current Data
Item Value Value Updated
MCap (FD): $22.64M $21.50M 09/18/2022
Total Assets: $15.07M $14.71M 09/18/2022
Total Liabilities: $3.77M $3.68M 09/18/2022
Current Assets: $5.27M $5.15M 09/18/2022
Current Liabilities: $0.75M $0.74M 09/18/2022
Total Debt: $3.01M $2.94M 09/18/2022
Cash: $5.27M $5.15M 09/18/2022
Enterprise Value: $20.38M $19.29M 08/12/1970
Cash Flow: $0.00M $0.00M never
Cash Flow Multiple: 0.00 0.00 never
Net Debt to
Cash Flow Ratio:		 n/a n/a never
Finance within 1 year: Yes Yes 09/18/2022
Misc 09/18/2022
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 161,000,000 161,000,000 09/18/2022
Shares (FD): 167,000,000 167,000,000 09/18/2022
Insider Ownership: n/a 60% 04/23/2023
Company Type: Mostly Gold Mostly Gold never
Production ETA: n/a 10/01/2025 09/18/2022
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 09/18/2022
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 09/18/2022
Initial CapEx (Outstanding): $90.00M
397.45% of MCap		 $90.00M
418.58% of MCap 		09/18/2022
Funding Option: n/a n/a 09/18/2022
Documentation: none PFS 04/23/2023
Future MCap Modifier: 0.05
Developer: Early Development
 0.05
Developer: Early Development
 04/24/2023
Cash Flow Multiplier: 5 2 04/23/2023

Resource Data

GOLD 09/18/2022
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 0.45M 0.45M 09/18/2022
Measured & Indicated: 0.50M 0.50M 09/18/2022
Inferred: 0.25M 0.25M 09/18/2022
Reserves & Resources: 0.75M 0.75M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: 0.36M 0.36M 09/18/2022
Measured & Indicated: 0.39M 0.39M 09/18/2022
Inferred: 0.10M 0.10M 09/18/2022
Reserves & Resources: 0.49M 0.49M never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 09/18/2022
Extra Operating Cost: n/a n/a 09/18/2022
Average Grade: 0.60 g/t 0.60 g/t 09/18/2022
Recovery Rate: (CG)  80.00% (CG)  80.00% 04/23/2023
F
U
T
U
R
E		 Proven & Probable: 0.80M 0.80M 09/18/2022
Annual Production: 60,000oz. 60,000oz. 09/18/2022
Cash Cost: $800 $1,000 04/23/2023
Extra Operating Cost: $450 $500 04/23/2023
SILVER 09/18/2022
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 09/18/2022
Measured & Indicated: n/a n/a 09/18/2022
Inferred: n/a n/a 09/18/2022
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 09/18/2022
Measured & Indicated: n/a n/a 09/18/2022
Inferred: n/a n/a 09/18/2022
Reserves & Resources: n/a n/a never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 09/18/2022
Extra Operating Cost: n/a n/a 09/18/2022
Average Grade: n/a n/a 09/18/2022
Recovery Rate: n/a n/a 09/18/2022
F
U
T
U
R
E		 Proven & Probable: n/a n/a 09/18/2022
Annual Production: n/a n/a 09/18/2022
Cash Cost: n/a n/a 09/18/2022
Extra Operating Cost: n/a n/a 09/18/2022

Property

Last Analysis Data  (09/18/2022)
Stage Name Owned Au Ag Cu Notes
Dev Rozino 70% show
500,000 oz at .6 gpt
PEA in 2017
$97 million capex
About 50,000 oz of annual production
Exp Iglika 100% show
Early exploration
Exp Makedontis 70% show
300,000 oz open pit.
Exp Obichnik 70% show
100,000 oz open pit.
Total Land Package Size (ha): 16,000  
Current Data
Stage Name Owned Au Ag Cu Notes
Dev Rozino 70% show
500,000 oz at .6 gpt
PEA in 2017
$97 million capex
About 50,000 oz of annual production
Exp Iglika 100% show
Early exploration
Exp Makedontis 70% show
300,000 oz open pit.
Exp Obichnik 70% show
100,000 oz open pit.
Total Land Package Size (ha): 16,000  

Profitability (by resource)

Proven &
Probable		 09/18/2022
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 0.45M 0.45M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.36M 0.36M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $211.68M $164.70M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $211.68M $164.70M n/a
Max Profit / Current MCap: 9.348 7.660 n/a
Max Profit Per Share (Gold): $1.27 $0.99 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $1.27 $0.99 n/a
Total Free Profit Per Share: $1.09 $0.81 n/a
FD MCap / Gold Eq.: $62.90 $59.73 n/a
FD MCap / Silver Eq.: $0.74 $0.71 n/a
FD MCap / Per Metal
as % Spot Price:		 3.42% 3.05% n/a
Measured &
Indicated		 09/18/2022
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 0.50M 0.50M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.39M 0.39M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $230.50M $179.34M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $230.50M $179.34M n/a
Max Profit / Current MCap: 10.179 8.341 n/a
Max Profit Per Share (Gold): $1.38 $1.07 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $1.38 $1.07 n/a
Total Free Profit Per Share: $1.20 $0.90 n/a
FD MCap / Gold Eq.: $57.77 $54.85 n/a
FD MCap / Silver Eq.: $0.68 $0.65 n/a
FD MCap / Per Metal
as % Spot Price:		 3.14% 2.80% n/a

Reserves &
Resources		 09/18/2022
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 0.75M 0.75M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.49M 0.49M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $289.30M $225.09M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $289.30M $225.09M n/a
Max Profit / Current MCap: 12.776 10.469 n/a
Max Profit Per Share (Gold): $1.73 $1.35 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $1.73 $1.35 n/a
Total Free Profit Per Share: $1.55 $1.17 n/a
FD MCap / Gold Eq.: $46.02 $43.70 n/a
FD MCap / Silver Eq.: $0.54 $0.52 n/a
FD MCap / Per Metal
as % Spot Price:		 2.50% 2.23% n/a

Future Valuation (Cash Flow & Totals)

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