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Euromax Resources Ltd

www: www.euromaxresources.com   email: mkostovska@euromaxresources.mk
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
TSE:EOX CAD
OTCMKTS:EOXFF USD

Description

Euromax Resources Ltd are a gold focused junior, late stage developer with one mine in development in Macedonia (FYR) and three exploration properties. They have approximately 2.75Moz. of gold in the reserves and resources category of which 2.5Moz. are in the measured and indicated category. They have a market capitalisation of ~C$13.77M which is a fall of roughly 0% over the last days. As of 07/23/2024 they have ~C$27M debt and ~C$0.07M cash. They have 556M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 07/23/2024
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $13.83M $13.77M 07/23/2024 $-0.06M
Total Assets: $27.61M $27.50M 07/23/2024 $-0.11M
Total Liabilities: $27.61M $27.50M 07/23/2024 $-0.11M
Current Assets: $0.36M $0.36M 07/23/2024 $0.00M
Current Liabilities: $27.61M $27.50M 07/23/2024 $-0.11M
Total Debt: $26.88M $26.77M 07/23/2024 $-0.11M
Cash: $0.07M $0.07M 07/23/2024 $0.00M
Enterprise Value: $40.64M $40.47M 04/14/1971 $-0.16M
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: 07/23/2024 n/a
Misc 07/23/2024
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 556,482,548 556,482,548 07/23/2024 0
Shares (FD): 951,732,286 951,732,286 07/23/2024 0
Insider Ownership: n/a 20% 07/23/2024 20%
Dividend (Annual): n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2024 07/23/2024 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 07/23/2024 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 07/23/2024 0
Initial CapEx (Outstanding): $474.00M
3427.67% of MCap		 $474.00M
3441.56% of MCap 		07/23/2024 $0.00M
Funding Option: n/a (guess)  Debt Financing 07/23/2024 n/a
Documentation: none FS 07/23/2024 n/a
Future MCap Modifier: 0.05
Developer: Early Development
 0.05
Developer: Early Development
 07/18/2023 0
Cash Flow Multiplier: 2 2 07/23/2024 0.00

Resource Data

GOLD 07/23/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 2.00M 2.00M 07/23/2024 0.00M
Measured & Indicated: 2.50M 2.50M 07/23/2024 0.00M
Inferred: 0.25M 0.25M 07/23/2024 0.00M
Reserves & Resources: 2.75M 2.75M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 1.70M 1.70M 07/23/2024 0.00M
Measured & Indicated: 2.04M 2.04M 07/23/2024 0.00M
Inferred: 0.11M 0.11M 07/23/2024 0.00M
Reserves & Resources: 2.15M 2.15M never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 07/23/2024 $0.00
Extra Operating Cost: n/a n/a 07/23/2024 $0.00
Total: $600 $600 07/23/2024 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 07/23/2024 n/a
Open Pit (Avg): n/a 0.33 g/t 07/18/2023 0.33 g/t
Recovery Rate: (CG)  85.00% (CG)  85.00% 07/23/2024 0.00%
F
U
T
U
R
E		 Proven & Probable: 2.00M 2.00M 07/23/2024 0.00M
Annual Production: 70,000oz. 70,000oz. 07/23/2024 0oz.
Cash Cost: $300 $300 07/23/2024 $0
Extra Operating Cost: $300 $300 07/23/2024 $0
SILVER 07/23/2024
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 07/23/2024 0.00M
Measured & Indicated: n/a n/a 07/23/2024 0.00M
Inferred: n/a n/a 07/23/2024 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 07/23/2024 0.00M
Measured & Indicated: n/a n/a 07/23/2024 0.00M
Inferred: n/a n/a 07/23/2024 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 07/23/2024 $0.00
Extra Operating Cost: n/a n/a 07/23/2024 $0.00
Total: n/a n/a 07/23/2024 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 07/23/2024 n/a
Open Pit (Avg): n/a n/a 07/18/2023 n/a
Recovery Rate: n/a n/a 07/23/2024 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 07/23/2024 0.00M
Annual Production: n/a n/a 07/23/2024 n/a
Cash Cost: n/a n/a 07/23/2024 n/a
Extra Operating Cost: n/a n/a 07/23/2024 n/a

Property

Last Analysis Data  (07/23/2024)
Stage Name Owned Au Ag Cu Notes
Exp Breznik 100% n/a
Exp Trun 100% show
2 million oz open pit at .7 gpt. PEA coming soon.
Dev Ilovitza 100% show
2.5 million oz gold resource (.33 gpt with nearly 2 billion lbs of copper.

85% recovery rates for gold. It is really a copper mine with a large capex and low IRR (around 15%).

25% of first 500,000 oz go to Royal gold at 25% of the spot price.
Then 12.5 for the LOM.
Exp KMC 100% show
Early gold/copper project.
Total Land Package Size (ha): 13,000  
Current Data
Stage Name Owned Au Ag Cu Notes
Exp Breznik 100% n/a
Exp Trun 100% show
2 million oz open pit at .7 gpt. PEA coming soon.
Dev Ilovitza 100% show
2.5 million oz gold resource (.33 gpt with nearly 2 billion lbs of copper.

85% recovery rates for gold. It is really a copper mine with a large capex and low IRR (around 15%).

25% of first 500,000 oz go to Royal gold at 25% of the spot price.
Then 12.5 for the LOM.
Exp KMC 100% show
Early gold/copper project.
Total Land Package Size (ha): 13,000  

Profitability (by resource)

Proven &
Probable		 07/23/2024
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.): 2.00M 2.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 5.93M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.70M 1.70M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 5.04M
Maximum Profit (Gold): $3,086.18M $3,035.86M n/a $-50.32M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $3,086.18M $3,035.86M n/a $-50.32M
Max Profit / Current MCap: 223.173 220.424 n/a -2.749
Max Profit Per Share (Gold): $3.24 $3.19 n/a $-0.05
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $3.24 $3.19 n/a $-0.05
Total Free Profit Per Share: $3.22 $3.17 n/a $-0.05
FD MCap / Gold Eq.: $8.13 $8.10 n/a $-0.03
FD MCap / Silver Eq.: $0.10 $0.09 n/a $0.00
FD MCap / Per Metal
as % Spot Price:		 0.34% 0.34% n/a 0.00%
Measured &
Indicated		 07/23/2024
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.): 2.50M 2.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 7.41M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 2.04M 2.04M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 6.05M
Maximum Profit (Gold): $3,703.42M $3,643.03M n/a $-60.38M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $3,703.42M $3,643.03M n/a $-60.38M
Max Profit / Current MCap: 267.808 264.509 n/a -3.299
Max Profit Per Share (Gold): $3.89 $3.83 n/a $-0.06
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $3.89 $3.83 n/a $-0.06
Total Free Profit Per Share: $3.87 $3.81 n/a $-0.06
FD MCap / Gold Eq.: $6.78 $6.75 n/a $-0.03
FD MCap / Silver Eq.: $0.08 $0.08 n/a $0.00
FD MCap / Per Metal
as % Spot Price:		 0.28% 0.28% n/a 0.00%

Reserves &
Resources		 07/23/2024
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.): 2.75M 2.75M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 8.15M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 2.15M 2.15M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 6.36M
Maximum Profit (Gold): $3,896.30M $3,832.77M n/a $-63.53M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $3,896.30M $3,832.77M n/a $-63.53M
Max Profit / Current MCap: 281.756 278.285 n/a -3.471
Max Profit Per Share (Gold): $4.09 $4.03 n/a $-0.07
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $4.09 $4.03 n/a $-0.07
Total Free Profit Per Share: $4.07 $4.01 n/a $-0.07
FD MCap / Gold Eq.: $6.44 $6.42 n/a $-0.03
FD MCap / Silver Eq.: $0.08 $0.08 n/a $0.00
FD MCap / Per Metal
as % Spot Price:		 0.27% 0.27% n/a 0.00%

Future Valuation (Cash Flow & Totals)

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