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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 two exploration properties. They have approximately 0.5Moz. of gold in the reserves and resources category They have a market capitalisation of ~C$34.64M which is a fall of roughly 28% over the last eight months. As of 08/20/2019 they have ~C$14M debt and ~C$10.72M cash. They have 97M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 08/20/2019
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Mkt. Cap (FD): $47.88M $34.64M 08/20/2019 $-13.25M
Total Assets: $15.03M $14.29M 08/20/2019 $-0.74M
Total Liabilities: $15.03M $14.29M 08/20/2019 $-0.74M
Current Assets: $11.27M $10.72M 08/20/2019 $-0.56M
Current Liabilities: $0.38M $0.36M 08/20/2019 $-0.02M
Total Debt: $15.03M $14.29M 08/20/2019 $-0.74M
Cash: $11.27M $10.72M 08/20/2019 $-0.56M
Enterprise Value: $51.64M $38.21M 03/19/1971 $-13.43M
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 08/20/2019 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 08/20/2019 0.00%
Misc 08/20/2019
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 96,920,000 96,920,000 08/20/2019 0
Shares (FD): 138,497,000 138,497,000 08/20/2019 0
Insider Ownership: n/a 40% 08/20/2019 40%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2022 08/20/2019 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 08/20/2019 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 08/20/2019 0
Initial CapEx (Outstanding): $97.00M
202.58% of Mkt.Cap		 $97.00M
280.04% of Mkt.Cap 		08/20/2019 $0.00M
Funding Option: n/a n/a 08/20/2019 n/a
Documentation: none PEA 08/20/2019 n/a
Value Adjustment: -25% -25% never 0%

Resource Data

GOLD 08/20/2019
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 08/20/2019 0.00M
Measured & Indicated: n/a n/a 08/20/2019 0.00M
Inferred: 0.50M 0.50M 08/20/2019 0.00M
Reserves & Resources: 0.50M 0.50M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 08/20/2019 0.00M
Measured & Indicated: n/a n/a 08/20/2019 0.00M
Inferred: 0.20M 0.20M 08/20/2019 0.00M
Reserves & Resources: 0.20M 0.20M never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 08/20/2019 $0.00
Extra Operating Cost: n/a n/a 08/20/2019 $0.00
Average Grade: 0.60 g/t 0.60 g/t 08/20/2019 n/a
Recovery Rate: (CG)  80.00% (CG)  80.00% 08/20/2019 0.00%
F
U
T
U
R
E		 Proven & Probable: 0.50M 0.50M 08/20/2019 0.00M
Annual Production: 50,000oz. 50,000oz. 08/20/2019 0oz.
Cash Cost: $600 $600 08/20/2019 $0
Extra Operating Cost: $400 $400 08/20/2019 $0
SILVER 08/20/2019
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 08/20/2019 0.00M
Measured & Indicated: n/a n/a 08/20/2019 0.00M
Inferred: n/a n/a 08/20/2019 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 08/20/2019 0.00M
Measured & Indicated: n/a n/a 08/20/2019 0.00M
Inferred: n/a n/a 08/20/2019 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 08/20/2019 $0.00
Extra Operating Cost: n/a n/a 08/20/2019 $0.00
Average Grade: n/a n/a 08/20/2019 n/a
Recovery Rate: n/a n/a 08/20/2019 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 08/20/2019 0.00M
Annual Production: n/a n/a 08/20/2019 n/a
Cash Cost: n/a n/a 08/20/2019 n/a
Extra Operating Cost: n/a n/a 08/20/2019 n/a

Property

Last Analysis Data  (08/20/2019)
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 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 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		 08/20/2019
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD Mkt. Cap / Gold Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Silver Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%
Measured &
Indicated		 08/20/2019
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD Mkt. Cap / Gold Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Silver Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%

Reserves &
Resources		 08/20/2019
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 10.63M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.20M 0.20M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 4.25M
Maximum Profit (Gold): $52.83M $72.44M n/a $19.61M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $52.83M $72.44M n/a $19.61M
Max Profit / Current MCap: 1.103 2.091 n/a 0.988
Max Profit Per Share (Gold): $0.38 $0.52 n/a $0.14
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.38 $0.52 n/a $0.14
Total Free Profit Per Share: $0.00 $0.17 n/a $0.17
FD Mkt. Cap / Gold Eq.: $239.41 $173.19 n/a $-66.23
FD Mkt. Cap / Silver Eq.: $2.71 $1.58 n/a $-1.13
FD Mkt. Cap / Per Metal
as % Spot Price:		 15.93% 10.25% n/a -5.68%

Future Valuation (Cash Flow & Totals)

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