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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 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$27.86M which is a rise of roughly 11% over the last eight months. As of 09/07/2024 they have no debt and ~C$1.34M cash. They have 196M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 09/07/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
MCap (FD): $25.14M $27.86M 09/07/2024
Total Assets: $21.46M $20.99M 09/07/2024
Total Liabilities: $0.45M $0.44M 09/07/2024
Current Assets: $1.72M $1.69M 09/07/2024
Current Liabilities: $0.44M $0.43M 09/07/2024
Total Debt: $0.00M $0.00M 09/07/2024
Cash: $1.37M $1.34M 09/07/2024
Enterprise Value: $23.77M $26.53M 11/03/1970
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 09/07/2024
Misc 09/07/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 196,300,395 196,300,395 09/07/2024
Shares (FD): 226,496,857 226,496,857 09/07/2024
Insider Ownership: n/a 61% 09/07/2024
Dividend (Annual): n/a n/a never
Company Type: Mostly Gold Mostly Gold never
Production ETA: n/a 10/01/2025 09/07/2024
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 09/07/2024
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 09/07/2024
Initial CapEx (Outstanding): $90.00M
357.95% of MCap		 $90.00M
322.99% of MCap 		09/07/2024
Funding Option: n/a n/a 09/07/2024
Documentation: none PFS 09/07/2024
Future MCap Modifier: 0.05
Developer: Early Development
 0.05
Developer: Early Development
 04/24/2023
Cash Flow Multiplier: 2 2 04/23/2023

Resource Data

GOLD 09/07/2024
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 09/07/2024
Measured & Indicated: 0.50M 0.50M 09/07/2024
Inferred: 0.25M 0.25M 09/07/2024
Reserves & Resources: 0.75M 0.75M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: 0.36M 0.36M 09/07/2024
Measured & Indicated: 0.39M 0.39M 09/07/2024
Inferred: 0.10M 0.10M 09/07/2024
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 09/07/2024
Extra Operating Cost: n/a n/a 09/07/2024
Total: $1,500 $1,500 09/07/2024
Margin (Free Cash Flow): n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 09/07/2024
Open Pit (Avg): n/a 0.60 g/t 09/20/2023
Recovery Rate: (CG)  80.00% (CG)  80.00% 09/07/2024
F
U
T
U
R
E		 Proven & Probable: 0.80M 0.80M 09/07/2024
Annual Production: 60,000oz. 60,000oz. 09/07/2024
Cash Cost: $1,000 $1,000 09/07/2024
Extra Operating Cost: $500 $500 09/07/2024
SILVER 09/07/2024
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 09/07/2024
Measured & Indicated: n/a n/a 09/07/2024
Inferred: n/a n/a 09/07/2024
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 09/07/2024
Measured & Indicated: n/a n/a 09/07/2024
Inferred: n/a n/a 09/07/2024
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 09/07/2024
Extra Operating Cost: n/a n/a 09/07/2024
Total: n/a n/a 09/07/2024
Margin (Free Cash Flow): n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 09/07/2024
Open Pit (Avg): n/a n/a 09/20/2023
Recovery Rate: n/a n/a 09/07/2024
F
U
T
U
R
E		 Proven & Probable: n/a n/a 09/07/2024
Annual Production: n/a n/a 09/07/2024
Cash Cost: n/a n/a 09/07/2024
Extra Operating Cost: n/a n/a 09/07/2024

Property

Last Analysis Data  (09/07/2024)
Stage Name Owned Au Ag Cu Notes
Dev Rozino 70% 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
Exp Dangovo 100% n/a
Exp Iglika 25% show
JV with Dundee on the Iglika (they have 25%).

Dundee must drill 40K meters and provide a PFS
Exp Kalabak 75% 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 70% show
300,000 oz open pit.
Exp Momchil 70% n/a
Exp Obichnik 70% show
100,000 oz open pit.
Exp Zlatusha 75% 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 Name Owned Au Ag Cu Notes
Dev Rozino 70% 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
Exp Dangovo 100% n/a
Exp Iglika 25% show
JV with Dundee on the Iglika (they have 25%).

Dundee must drill 40K meters and provide a PFS
Exp Kalabak 75% 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 70% show
300,000 oz open pit.
Exp Momchil 70% n/a
Exp Obichnik 70% show
100,000 oz open pit.
Exp Zlatusha 75% 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		 09/07/2024
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): $359.17M $623.56M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $359.17M $623.56M n/a
Max Profit / Current MCap: 14.285 22.378 n/a
Max Profit Per Share (Gold): $1.59 $2.75 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $1.59 $2.75 n/a
Total Free Profit Per Share: $1.44 $2.58 n/a
FD MCap / Gold Eq.: $69.84 $77.40 n/a
FD MCap / Silver Eq.: $0.78 $0.78 n/a
FD MCap / Per Metal
as % Spot Price:		 2.80% 2.39% n/a
Measured &
Indicated		 09/07/2024
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): $391.10M $678.98M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $391.10M $678.98M n/a
Max Profit / Current MCap: 15.555 24.367 n/a
Max Profit Per Share (Gold): $1.73 $3.00 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $1.73 $3.00 n/a
Total Free Profit Per Share: $1.58 $2.83 n/a
FD MCap / Gold Eq.: $64.14 $71.08 n/a
FD MCap / Silver Eq.: $0.72 $0.71 n/a
FD MCap / Per Metal
as % Spot Price:		 2.57% 2.20% n/a

Reserves &
Resources		 09/07/2024
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): $490.87M $852.19M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $490.87M $852.19M n/a
Max Profit / Current MCap: 19.523 30.583 n/a
Max Profit Per Share (Gold): $2.17 $3.76 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $2.17 $3.76 n/a
Total Free Profit Per Share: $2.02 $3.59 n/a
FD MCap / Gold Eq.: $51.10 $56.64 n/a
FD MCap / Silver Eq.: $0.57 $0.57 n/a
FD MCap / Per Metal
as % Spot Price:		 2.05% 1.75% n/a

Future Valuation (Cash Flow & Totals)

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