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Category: Junior: Late Stage Developer
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Velocity Minerals Ltd
www: www.velocityminerals.com     email: info@velocityminerals.com

Profile
Notes
Forum
Your Data

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$18.47M which is a rise of roughly 100% over the last eight months. As of 09/23/2018 they have no debt and ~C$1.48M cash. They have 68M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 09/23/2018
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Mkt. Cap (FD): $9.23M $18.47M 09/23/2018 $9.24M
Total Assets: $0.20M $0.19M 09/23/2018 $-0.01M
Total Liabilities: $0.02M $0.01M 09/23/2018 $0.00M
Current Assets: $1.56M $1.48M 09/23/2018 $-0.07M
Current Liabilities: $0.02M $0.01M 09/23/2018 $0.00M
Total Debt: $0.00M $0.00M 09/23/2018 $0.00M
Cash: $1.56M $1.48M 09/23/2018 $-0.07M
Enterprise Value: $7.67M $16.99M 07/16/1970 $9.31M
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 09/23/2018 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 09/23/2018 0.00%
Misc 09/23/2018
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 68,000,000 68,000,000 09/23/2018 0
Shares (FD): 79,000,000 79,000,000 09/23/2018 0
Insider Ownership: n/a 45% 09/23/2018 45%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2022 09/23/2018 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 09/23/2018 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 09/23/2018 0
Initial CapEx (Outstanding): $97.00M
1050.55% of Mkt.Cap		 $97.00M
525.1% of Mkt.Cap 		09/23/2018 $0.00M
Funding Option: n/a n/a 09/23/2018 n/a
Documentation: none PEA 09/23/2018 n/a
Value Adjustment: -25% -25% never 0%

Resource Data

GOLD 09/23/2018
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 09/23/2018 0.00M
Measured & Indicated: n/a n/a 09/23/2018 0.00M
Inferred: 0.50M 0.50M 09/23/2018 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 09/23/2018 0.00M
Measured & Indicated: n/a n/a 09/23/2018 0.00M
Inferred: 0.20M 0.20M 09/23/2018 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 09/23/2018 $0.00
Extra Operating Cost: n/a n/a 09/23/2018 $0.00
Average Grade: 0.60 g/t 0.60 g/t 09/23/2018 n/a
Recovery Rate: (CG)  80.00% (CG)  80.00% 09/23/2018 0.00%
F
U
T
U
R
E		 Proven & Probable: 0.50M 0.50M 09/23/2018 0.00M
Annual Production: 40,000oz. 40,000oz. 09/23/2018 0oz.
Cash Cost: $700 $700 09/23/2018 $0
Extra Operating Cost: $400 $400 09/23/2018 $0
SILVER 09/23/2018
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 09/23/2018 0.00M
Measured & Indicated: n/a n/a 09/23/2018 0.00M
Inferred: n/a n/a 09/23/2018 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 09/23/2018 0.00M
Measured & Indicated: n/a n/a 09/23/2018 0.00M
Inferred: n/a n/a 09/23/2018 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 09/23/2018 $0.00
Extra Operating Cost: n/a n/a 09/23/2018 $0.00
Average Grade: n/a n/a 09/23/2018 n/a
Recovery Rate: n/a n/a 09/23/2018 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 09/23/2018 0.00M
Annual Production: n/a n/a 09/23/2018 n/a
Cash Cost: n/a n/a 09/23/2018 n/a
Extra Operating Cost: n/a n/a 09/23/2018 n/a

Property

Last Analysis Data  (09/23/2018)
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 Chala 50% (guess) 200 n/a show
450,000 oz at 9 gpt (Historic)

UG mine.
Exploration Bulgaria, Bulgaria Sedefche 70% (guess) n/a Open Pit show
100,000 oz historical deposit.
Total Land Package Size (ha): 16,200  
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 Chala 50% (guess) 200 n/a show
450,000 oz at 9 gpt (Historic)

UG mine.
Exploration Bulgaria, Bulgaria Sedefche 70% (guess) n/a Open Pit show
100,000 oz historical deposit.
Total Land Package Size (ha): 16,200  

Profitability (by resource)

Proven &
Probable		 09/23/2018
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		 09/23/2018
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		 09/23/2018
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 2.33M
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 0.93M
Maximum Profit (Gold): $10.36M $18.45M n/a $8.09M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $10.36M $18.45M n/a $8.09M
Max Profit / Current MCap: 1.122 0.999 n/a -0.124
Max Profit Per Share (Gold): $0.13 $0.23 n/a $0.10
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.13 $0.23 n/a $0.10
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $46.17 $92.36 n/a $46.20
FD Mkt. Cap / Silver Eq.: $0.55 $1.04 n/a $0.49
FD Mkt. Cap / Per Metal
as % Spot Price:		 3.85% 7.24% n/a 3.39%

Future Valuation (Cash Flow & Totals)

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