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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 developer 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$30.29M which is a rise of roughly 3% over the last three months. As of 09/08/2025 they have ~C$1M debt and ~C$1.03M cash. They have 197M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.
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General Details
Financial
09/08/2025 Last Analysis Data
Current Data
Item
Value
Value
Updated
MCap (FD):
$29.39M
$30.29M
09/08/2025
MCap (OS):
$26.41M
$27.22M
09/08/2025
Total Assets:
$20.82M
$20.90M
09/08/2025
Total Liabilities:
$0.90M
$0.90M
09/08/2025
Current Assets:
$1.14M
$1.15M
09/08/2025
Current Liabilities:
$0.88M
$0.88M
09/08/2025
Total Debt:
$0.65M
$0.65M
09/08/2025
Cash:
$1.02M
$1.03M
09/08/2025
Debt (Net):
$-0.37M
$-0.37M
Enterprise Value:
$29.01M
$29.91M
12/12/1970
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
09/08/2025
Misc
09/08/2025 Last Analysis Data
Current Data
Item
Value
Value
Updated
Shares Outstanding:
197,219,595
197,219,595
09/08/2025
Shares (FD):
219,446,857
219,446,857
09/08/2025
Insider Ownership:
45%
45%
09/08/2025
Dividend (Annual):
n/a
n/a
09/08/2025
Company Type:
Mostly Gold
Mostly Gold
never
Group:
Developer
Developer
never
Production ETA:
n/a
10/01/2025
09/08/2025
Production (Gold Eq Oz.):
(guess) 0
(guess) 0
09/08/2025
Production (Silver Eq Oz.) :
(guess) 0
(guess) 0
09/08/2025
Development Phase:
PFS Released
PFS Released
09/08/2025
Optionality Play:
none
No
F U T U R E
% of Spot:
5Developer: Early Development
5Developer: Early Development
09/08/2025
Cash Flow Multiple:
2
2
09/08/2025
Resource Data
GOLD
09/08/2025 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
09/08/2025
Measured & Indicated:
0.50M
0.50M
09/08/2025
Inferred:
0.25M
0.25M
09/08/2025
Reserves & Resources:
0.75M
0.75M
never
P L A U S I B L E
Proven & Probable:
0.36M
0.36M
09/08/2025
Measured & Indicated:
0.39M
0.39M
09/08/2025
Inferred:
0.10M
0.10M
09/08/2025
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
09/08/2025
Extra Operating Cost:
n/a
n/a
09/08/2025
Total:
$1,500
$1,500
09/08/2025
Margin (Free Cash Flow):
n/a
MCap / Production (AuEq):
n/a
n/a
EV / Production (AuEq):
n/a
n/a
G R A D E
Underground (Avg):
n/a
n/a
09/08/2025
Open Pit (Avg):
n/a
0.60 g/t
09/08/2025
Recovery Rate:
(CG) 80.00%
(CG) 80.00%
09/08/2025
F U T U R E
Proven & Probable:
0.80M
0.80M
09/08/2025
Annual Production:
60,000oz.
60,000oz.
09/08/2025
Cash Cost:
$1,000
$1,000
09/08/2025
Extra Operating Cost:
$500
$500
09/08/2025
SILVER
09/08/2025 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
09/08/2025
Measured & Indicated:
n/a
n/a
09/08/2025
Inferred:
n/a
n/a
09/08/2025
Reserves & Resources:
n/a
n/a
never
P L A U S I B L E
Proven & Probable:
n/a
n/a
09/08/2025
Measured & Indicated:
n/a
n/a
09/08/2025
Inferred:
n/a
n/a
09/08/2025
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
09/08/2025
Extra Operating Cost:
n/a
n/a
09/08/2025
Total:
n/a
n/a
09/08/2025
Margin (Free Cash Flow):
n/a
MCap / Production (AgEq):
n/a
n/a
EV / Production (AgEq):
n/a
n/a
G R A D E
Underground (Avg):
n/a
n/a
09/08/2025
Open Pit (Avg):
n/a
n/a
09/08/2025
Recovery Rate:
n/a
n/a
09/08/2025
F U T U R E
Proven & Probable:
n/a
n/a
09/08/2025
Annual Production:
n/a
n/a
09/08/2025
Cash Cost:
n/a
n/a
09/08/2025
Extra Operating Cost:
n/a
n/a
09/08/2025
Property
Last Analysis Data (09/08/2025)
Stage
Name
Owned %
Type
NPV $M
IRR %
CapEx $M
Au
Ag
Cu
Notes
Dev
Rozino
Eastern Europe
70 (guess)
Open Pit
123.00
20.00
90.00
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 Size: 16,000 ha
Exp
Dangovo
100 (guess)
n/a
n/a
Exp
Iglika
Eastern Europe
25 (guess)
n/a
show
JV with Dundee on the Iglika (they have 25%).
Dundee must drill 40K meters and provide a PFS
Exp
Kalabak
75 (guess)
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
Exp
Makedontsi
Bulgaria
70 (guess)
Open Pit
show
300,000 oz open pit.
Exp
Momchil
70 (guess)
n/a
n/a
Exp
Obichnik
Eastern Europe
70 (guess)
n/a
show
100,000 oz open pit.
Exp
Zlatusha
75 (guess)
n/a
show
Large, underexplored property with seven known copper-gold occurrences and 10,000m of historical drilling Size: 19,500 ha
Exp
Miriofito Copper-Gold
100 (guess)
n/a
n/a
Current Data
Stage
Name
Owned %
Type
NPV $M
IRR %
CapEx $M
Au
Ag
Cu
Notes
Dev
Rozino
Eastern Europe
70 (guess)
Open Pit
123.00
20.00
90.00
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 Size: 16,000 ha
Exp
Dangovo
100 (guess)
n/a
n/a
Exp
Iglika
Eastern Europe
25 (guess)
n/a
show
JV with Dundee on the Iglika (they have 25%).
Dundee must drill 40K meters and provide a PFS
Exp
Kalabak
75 (guess)
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
Exp
Makedontsi
Bulgaria
70 (guess)
Open Pit
show
300,000 oz open pit.
Exp
Momchil
70 (guess)
n/a
n/a
Exp
Obichnik
Eastern Europe
70 (guess)
n/a
show
100,000 oz open pit.
Exp
Zlatusha
75 (guess)
n/a
show
Large, underexplored property with seven known copper-gold occurrences and 10,000m of historical drilling Size: 19,500 ha
Exp
Miriofito Copper-Gold
100 (guess)
n/a
n/a
Profitability (by resource)
Proven & Probable
09/08/2025 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):
$768.88M
$1,004.26M
n/a
Maximum Profit (Silver):
n/a
n/a
n/a
Total Maximum Profit:
$768.88M
$1,004.26M
n/a
Max Profit / Current MCap:
26.165
33.160
n/a
Max Profit Per Share (Gold):
$3.50
$4.58
n/a
Max Profit Per Share (Silver):
n/a
n/a
n/a
Total Max Profit Per Share:
$3.50
$4.58
n/a
Total Free Profit Per Share:
$3.32
$4.39
n/a
FD MCap / Gold Eq.:
$81.63
$84.13
n/a
FD MCap / Silver Eq.:
$0.93
$1.20
n/a
FD MCap / Per Metal as % Spot Price:
2.25%
1.96%
n/a
EV / Gold Eq.:
$80.59
$83.09
n/a
EV / Silver Eq.:
$0.92
$1.19
n/a
EV / Per Metal as % Spot Price:
2.22%
1.94%
n/a
Measured & Indicated
09/08/2025 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):
$837.23M
$1,093.52M
n/a
Maximum Profit (Silver):
n/a
n/a
n/a
Total Maximum Profit:
$837.23M
$1,093.52M
n/a
Max Profit / Current MCap:
28.491
36.107
n/a
Max Profit Per Share (Gold):
$3.82
$4.98
n/a
Max Profit Per Share (Silver):
n/a
n/a
n/a
Total Max Profit Per Share:
$3.82
$4.98
n/a
Total Free Profit Per Share:
$3.63
$4.79
n/a
FD MCap / Gold Eq.:
$74.96
$77.26
n/a
FD MCap / Silver Eq.:
$0.85
$1.10
n/a
FD MCap / Per Metal as % Spot Price:
2.06%
1.80%
n/a
EV / Gold Eq.:
$74.01
$76.30
n/a
EV / Silver Eq.:
$0.84
$1.09
n/a
EV / Per Metal as % Spot Price:
2.04%
1.78%
n/a
Reserves & Resources
09/08/2025 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):
$1,050.81M
$1,372.48M
n/a
Maximum Profit (Silver):
n/a
n/a
n/a
Total Maximum Profit:
$1,050.81M
$1,372.48M
n/a
Max Profit / Current MCap:
35.759
45.318
n/a
Max Profit Per Share (Gold):
$4.79
$6.25
n/a
Max Profit Per Share (Silver):
n/a
n/a
n/a
Total Max Profit Per Share:
$4.79
$6.25
n/a
Total Free Profit Per Share:
$4.60
$6.06
n/a
FD MCap / Gold Eq.:
$59.73
$61.56
n/a
FD MCap / Silver Eq.:
$0.68
$0.88
n/a
FD MCap / Per Metal as % Spot Price:
1.64%
1.44%
n/a
EV / Gold Eq.:
$58.97
$60.79
n/a
EV / Silver Eq.:
$0.67
$0.87
n/a
EV / Per Metal as % Spot Price:
1.62%
1.42%
n/a
Future Valuation (Cash Flow & Totals)
Defaults
Defaults
09/08/2025 Last Analysis Data
Current Data
Item
Value
Value
Updated
Exchange Rates:
CAD 0.7238
CAD 0.7264
12/13/2025
Spot Gold:
$3,635.79
$4,289.60
12/13/2025
Spot Silver:
$41.28
$61.32
12/13/2025
Gold:Silver Ratio:
88.08
69.95
12/13/2025
Spot Gold (Future):
$5,000.00
$6,000.00
Spot Silver (Future):
$100.00
$150.00
Gold:Silver Ratio (Future):
50.00
40.00
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%
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