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Ridgestone Mining Inc

www: ridgestonemining.com   email: radha@ridgestonemining.com
Category: Junior: Project Generator
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Symbol Data

Symbol Currency
CVE:RMI CAD
OTCMKTS:RIGMF USD

Description

Ridgestone Mining Inc are a gold and silver focused junior, project generator with two exploration properties in Mexico. They have approximately 0.55Moz. of gold and 19.7Moz. of silver in the reserves and resources category of which 0.22Moz. of gold and 10.4Moz. of silver are in the measured and indicated category. They have a market capitalisation of ~C$3.04M which is a fall of roughly 36% over the last three years. As of 10/24/2021 they have no debt and ~C$0.45M cash. They have 15M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 10/24/2021
Last
Analysis
Data
Current Data
Item Value Value Updated
MCap (FD): $4.78M $3.04M 09/01/2024
MCap (OS): $3.71M $1.72M 09/01/2024
Total Assets: $2.27M $2.03M 10/24/2021
Total Liabilities: $0.22M $0.20M 10/24/2021
Current Assets: $0.57M $0.51M 10/24/2021
Current Liabilities: $0.22M $0.20M 10/24/2021
Total Debt: $0.00M $0.00M 10/24/2021
Cash: $0.50M $0.45M 10/24/2021
Debt (Net): $-0.50M $-0.45M
Enterprise Value: $4.28M $2.59M 01/30/1970
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: 10/24/2021
Misc 10/24/2021
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 91,610,000 15,301,236 09/01/2024
Shares (FD): 117,859,000 27,000,000 09/01/2024
Insider Ownership: n/a n/a never
Dividend (Annual): n/a n/a never
Company Type: Mostly Gold Mostly Gold never
Group: Explorer Explorer never
Production ETA: n/a n/a 10/24/2021
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 10/24/2021
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 10/24/2021
Development Phase: none none 09/01/2024
Optionality Play: none No
F
U
T
U
R
E		 % of Spot: 2
PG/Explorer: Average Project
 2
PG/Explorer: Average Project
 04/24/2023
Cash Flow Multiple: none none 09/01/2024

Resource Data

GOLD 10/24/2021
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 10/24/2021
Measured & Indicated: 0.22M 0.22M 10/24/2021
Inferred: 0.34M 0.34M 10/24/2021
Reserves & Resources: 0.55M 0.55M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 10/24/2021
Measured & Indicated: 0.13M 0.13M 10/24/2021
Inferred: 0.13M 0.13M 10/24/2021
Reserves & Resources: 0.26M 0.26M never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: $750 $750 10/24/2021
Extra Operating Cost: $350 $350 10/24/2021
Total: $1,100 $1,100 10/24/2021
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): 1.05 g/t n/a 10/24/2021
Open Pit (Avg): n/a 1.05 g/t 10/24/2021
Recovery Rate: (guess)  75.00% (guess)  75.00% 10/24/2021
F
U
T
U
R
E		 Proven & Probable: 0.00M 0.00M 10/24/2021
Annual Production: n/a n/a 10/24/2021
Cash Cost: n/a n/a 10/24/2021
Extra Operating Cost: n/a n/a 10/24/2021
SILVER 10/24/2021
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 10/24/2021
Measured & Indicated: 10.40M 10.40M 10/24/2021
Inferred: 9.30M 9.30M 10/24/2021
Reserves & Resources: 19.70M 19.70M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 10/24/2021
Measured & Indicated: 6.24M 6.24M 10/24/2021
Inferred: 3.49M 3.49M 10/24/2021
Reserves & Resources: 9.73M 9.73M never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: $10.00 $10.00 10/24/2021
Extra Operating Cost: $6.00 $6.00 10/24/2021
Total: $16.00 $16.00 10/24/2021
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): 50.00 g/t n/a 10/24/2021
Open Pit (Avg): n/a 50.00 g/t 10/24/2021
Recovery Rate: (guess)  75.00% (guess)  75.00% 10/24/2021
F
U
T
U
R
E		 Proven & Probable: 0.00M 0.00M 10/24/2021
Annual Production: n/a n/a 10/24/2021
Cash Cost: n/a n/a 10/24/2021
Extra Operating Cost: n/a n/a 10/24/2021

Property

Last Analysis Data  (10/24/2021)
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Exp Guadalupe y Calvo
100 show
Indicated Historical Estimate of 237k oz gold-equivalent (Au Eq) at 3.95 g/t & an Inferred Historical Estimate of 154k tonnes @ 17k oz Au Eq at 3.38 g/t.

Size: 2,750 ha
Exp Rebeico
100 show
Size: 3,459 ha
Current Data
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Exp Guadalupe y Calvo
100 show
Indicated Historical Estimate of 237k oz gold-equivalent (Au Eq) at 3.95 g/t & an Inferred Historical Estimate of 154k tonnes @ 17k oz Au Eq at 3.38 g/t.

Size: 2,750 ha
Exp Rebeico
100 show
Size: 3,459 ha

Profitability (by resource)

Proven &
Probable		 10/24/2021
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: n/a n/a n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): n/a n/a n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): n/a n/a n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: n/a n/a n/a
Max Profit / Current MCap: n/a n/a n/a
Max Profit Per Share (Gold): n/a n/a n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: n/a n/a n/a
Total Free Profit Per Share: n/a n/a n/a
FD MCap / Gold Eq.: n/a n/a n/a
FD MCap / Silver Eq.: n/a n/a n/a
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a
EV / Gold Eq.: n/a n/a n/a
EV / Silver Eq.: n/a n/a n/a
EV / Per Metal
as % Spot Price:		 n/a n/a n/a
Measured &
Indicated		 10/24/2021
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 60.52% 64.17% n/a
Percentage Silver: 39.48% 35.83% n/a
Total (Gold Eq. Oz.): 0.36M 0.34M n/a
Total (Silver Eq. Oz.): 26.34M 29.03M n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.21M 0.20M n/a
Silver Eq. Oz.: 15.81M 17.42M n/a
Maximum Profit (Gold): $89.72M $334.62M n/a
Maximum Profit (Silver): $51.67M $166.55M n/a
Total Maximum Profit: $141.39M $501.16M n/a
Max Profit / Current MCap: 29.610 164.890 n/a
Max Profit Per Share (Gold): $0.76 $12.39 n/a
Max Profit Per Share (Silver): $0.44 $6.17 n/a
Total Max Profit Per Share: $1.20 $18.56 n/a
Total Free Profit Per Share: $1.15 $18.41 n/a
FD MCap / Gold Eq.: $22.30 $15.05 n/a
FD MCap / Silver Eq.: $0.30 $0.17 n/a
FD MCap / Per Metal
as % Spot Price:		 1.24% 0.41% n/a
EV / Gold Eq.: $19.98 $12.85 n/a
EV / Silver Eq.: $0.27 $0.15 n/a
EV / Per Metal
as % Spot Price:		 1.11% 0.35% n/a

Reserves &
Resources		 10/24/2021
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 67.37% 70.69% n/a
Percentage Silver: 32.63% 29.31% n/a
Total (Gold Eq. Oz.): 0.82M 0.78M n/a
Total (Silver Eq. Oz.): 60.37M 67.22M n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.39M 0.37M n/a
Silver Eq. Oz.: 28.57M 31.74M n/a
Maximum Profit (Gold): $176.69M $658.97M n/a
Maximum Profit (Silver): $80.54M $259.63M n/a
Total Maximum Profit: $257.24M $918.59M n/a
Max Profit / Current MCap: 53.870 302.232 n/a
Max Profit Per Share (Gold): $1.50 $24.41 n/a
Max Profit Per Share (Silver): $0.68 $9.62 n/a
Total Max Profit Per Share: $2.18 $34.02 n/a
Total Free Profit Per Share: $2.13 $33.87 n/a
FD MCap / Gold Eq.: $12.34 $8.26 n/a
FD MCap / Silver Eq.: $0.17 $0.10 n/a
FD MCap / Per Metal
as % Spot Price:		 0.69% 0.22% n/a
EV / Gold Eq.: $11.06 $7.05 n/a
EV / Silver Eq.: $0.15 $0.08 n/a
EV / Per Metal
as % Spot Price:		 0.62% 0.19% n/a

Future Valuation (Cash Flow & Totals)

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