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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$13.2M which is a fall of roughly 37% over the last eight months. As of 09/20/2023 they have no debt and ~C$1.09M cash. They have 181M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 09/20/2023
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
MCap (FD): $20.96M $13.20M 09/20/2023 $-7.76M
Total Assets: $20.85M $20.43M 09/20/2023 $-0.43M
Total Liabilities: $0.74M $0.73M 09/20/2023 $-0.02M
Current Assets: $1.86M $1.82M 09/20/2023 $-0.04M
Current Liabilities: $0.65M $0.63M 09/20/2023 $-0.01M
Total Debt: $0.00M $0.00M 09/20/2023 $0.00M
Cash: $1.12M $1.09M 09/20/2023 $-0.02M
Enterprise Value: $19.84M $12.10M 05/20/1970 $-7.74M
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 09/20/2023 n/a
Misc 09/20/2023
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 181,000,000 181,000,000 09/20/2023 0
Shares (FD): 201,000,000 201,000,000 09/20/2023 0
Insider Ownership: n/a 65% 09/20/2023 65%
Dividend (Annual): n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 10/01/2025 09/20/2023 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
09/20/2023 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
09/20/2023 0
Initial CapEx (Outstanding): $90.00M
429.45% of MCap
$90.00M
681.99% of MCap
09/20/2023 $0.00M
Funding Option: n/a n/a 09/20/2023 n/a
Documentation: none PFS 09/20/2023 n/a
Future MCap Modifier: 0.05
Developer: Early Development
0.05
Developer: Early Development
04/24/2023 0
Cash Flow Multiplier: 2 2 04/23/2023 0.00

Resource Data

GOLD 09/20/2023
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 0.45M 0.45M 09/20/2023 0.00M
Measured & Indicated: 0.50M 0.50M 09/20/2023 0.00M
Inferred: 0.25M 0.25M 09/20/2023 0.00M
Reserves & Resources: 0.75M 0.75M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 0.36M 0.36M 09/20/2023 0.00M
Measured & Indicated: 0.39M 0.39M 09/20/2023 0.00M
Inferred: 0.10M 0.10M 09/20/2023 0.00M
Reserves & Resources: 0.49M 0.49M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 09/20/2023 $0.00
Extra Operating Cost: n/a n/a 09/20/2023 $0.00
G
R
A
D
E
Underground (Avg): 0.60 g/t n/a 09/20/2023 n/a
Open Pit (Avg): n/a 0.60 g/t 09/20/2023 0.60 g/t
Recovery Rate: (CG)  80.00% (CG)  80.00% 09/20/2023 0.00%
F
U
T
U
R
E
Proven & Probable: 0.80M 0.80M 09/20/2023 0.00M
Annual Production: 60,000oz. 60,000oz. 09/20/2023 0oz.
Cash Cost: $1,000 $1,000 09/20/2023 $0
Extra Operating Cost: $500 $500 09/20/2023 $0
SILVER 09/20/2023
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 09/20/2023 0.00M
Measured & Indicated: n/a n/a 09/20/2023 0.00M
Inferred: n/a n/a 09/20/2023 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 09/20/2023 0.00M
Measured & Indicated: n/a n/a 09/20/2023 0.00M
Inferred: n/a n/a 09/20/2023 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 09/20/2023 $0.00
Extra Operating Cost: n/a n/a 09/20/2023 $0.00
G
R
A
D
E
Underground (Avg): n/a n/a 09/20/2023 n/a
Open Pit (Avg): n/a n/a 09/20/2023 n/a
Recovery Rate: n/a n/a 09/20/2023 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 09/20/2023 0.00M
Annual Production: n/a n/a 09/20/2023 n/a
Cash Cost: n/a n/a 09/20/2023 n/a
Extra Operating Cost: n/a n/a 09/20/2023 n/a

Property

Last Analysis Data  (09/20/2023)
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
09/20/2023
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.): 0.45M 0.45M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -2.92M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.36M 0.36M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -2.33M
Maximum Profit (Gold): $152.82M $299.99M n/a $147.17M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $152.82M $299.99M n/a $147.17M
Max Profit / Current MCap: 7.292 22.732 n/a 15.440
Max Profit Per Share (Gold): $0.76 $1.49 n/a $0.73
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.76 $1.49 n/a $0.73
Total Free Profit Per Share: $0.62 $1.40 n/a $0.78
FD MCap / Gold Eq.: $58.21 $36.66 n/a $-21.56
FD MCap / Silver Eq.: $0.70 $0.48 n/a $-0.22
FD MCap / Per Metal
as % Spot Price:
3.02% 1.57% n/a -1.45%
Measured &
Indicated
09/20/2023
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 -3.24M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.39M 0.39M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -2.54M
Maximum Profit (Gold): $166.40M $326.65M n/a $160.25M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $166.40M $326.65M n/a $160.25M
Max Profit / Current MCap: 7.940 24.753 n/a 16.812
Max Profit Per Share (Gold): $0.83 $1.63 n/a $0.80
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.83 $1.63 n/a $0.80
Total Free Profit Per Share: $0.69 $1.54 n/a $0.85
FD MCap / Gold Eq.: $53.46 $33.67 n/a $-19.80
FD MCap / Silver Eq.: $0.64 $0.44 n/a $-0.20
FD MCap / Per Metal
as % Spot Price:
2.78% 1.44% n/a -1.34%

Reserves &
Resources
09/20/2023
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.): 0.75M 0.75M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -4.86M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.49M 0.49M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -3.19M
Maximum Profit (Gold): $208.85M $409.98M n/a $201.13M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $208.85M $409.98M n/a $201.13M
Max Profit / Current MCap: 9.966 31.067 n/a 21.101
Max Profit Per Share (Gold): $1.04 $2.04 n/a $1.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.04 $2.04 n/a $1.00
Total Free Profit Per Share: $0.90 $1.95 n/a $1.05
FD MCap / Gold Eq.: $42.60 $26.82 n/a $-15.77
FD MCap / Silver Eq.: $0.51 $0.35 n/a $-0.16
FD MCap / Per Metal
as % Spot Price:
2.21% 1.15% n/a -1.06%

Future Valuation (Cash Flow & Totals)

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