Subscribe Now - Standard: only $199 per year or Premium: only $299 per year - Click Here
Profile
Notes
Forum
Your Data
Calculated using the site's default values. Re-calculate using:
please choose...
the snapshot's defaults
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.
Quick Links
Login to access
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):
$90.00M397.45% of MCap
$90.00M418.58% of MCap
09/18/2022
Funding Option:
n/a
n/a
09/18/2022
Documentation:
none
PFS
04/23/2023
Future MCap Modifier:
0.05Developer: Early Development
0.05Developer: 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
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Development
Eastern Europe , Bulgaria
Rozino
70% (guess)
16,000
Open Pit
show
500,000 oz at .6 gpt
PEA in 2017
$97 million capex
About 50,000 oz of annual production
Exploration
Eastern Europe , Bulgaria
Iglika
100% (guess)
n/a
n/a
show
Early exploration
Exploration
Bulgaria , Bulgaria
Makedontis
70% (guess)
n/a
Open Pit
show
300,000 oz open pit.
Exploration
Eastern Europe , Bulgaria
Obichnik
70% (guess)
n/a
n/a
show
100,000 oz open pit.
Total Land Package Size (ha):
16,000
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
500,000 oz at .6 gpt
PEA in 2017
$97 million capex
About 50,000 oz of annual production
Exploration
Eastern Europe , Bulgaria
Iglika
100% (guess)
n/a
n/a
show
Early exploration
Exploration
Bulgaria , Bulgaria
Makedontis
70% (guess)
n/a
Open Pit
show
300,000 oz open pit.
Exploration
Eastern Europe , Bulgaria
Obichnik
70% (guess)
n/a
n/a
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)
Defaults
Defaults
09/18/2022 Last Analysis Data
Current Data
Item
Value
Value
Updated
Exchange Rates:
CAD 0.7533
CAD 0.7357
05/30/2023
Spot Gold:
$1,838.00
$1,957.50
05/30/2023
Spot Silver:
$21.56
$23.20
05/30/2023
Gold:Silver Ratio:
85.25
84.38
05/30/2023
Spot Gold (Future):
$2,500.00
$3,000.00
Spot Silver (Future):
$100.00
$100.00
Gold:Silver Ratio (Future):
25.00
30.00
Gold Avg. Recovery Rate:
75.00%
75.00%
Silver Avg. Recovery Rate:
75.00%
75.00%
Plausibility of P & P:
100.00%
100.00%
Plausibility of M & I:
80.00%
80.00%
Plausibility of Inferred:
50.00%
50.00%
Follow us on: