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Minera IRL Ltd

www: www.minera-irl.com   email: minera@irl.com.pe
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
CNSX:MIRL CAD
OTCMKTS:MRLLF USD

Description

Minera IRL Ltd are a gold focused junior, late stage development company with one producing mine in Peru, one mine in development in Peru and exploration properties. Currently they produce roughly per year. They have approximately 2.4Moz. of gold in the reserves and resources category of which 1.3Moz. are in the measured and indicated category. They have a market capitalisation of ~C$32.12M which is a rise of roughly 209% over the last eight months. As of 05/12/2019 they have ~C$84M debt and ~C$2.3M cash. They have 231M shares outstanding and trade on the Canadian Securities Exchange and the over-the-counter markets.

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General Details

Financial 05/12/2019
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Mkt. Cap (FD): $10.39M $32.12M 05/12/2019 $21.73M
Total Assets: $166.53M $171.56M 05/12/2019 $5.03M
Total Liabilities: $98.88M $101.86M 05/12/2019 $2.99M
Current Assets: $5.95M $6.13M 05/12/2019 $0.18M
Current Liabilities: $94.42M $97.27M 05/12/2019 $2.85M
Total Debt: $81.78M $84.25M 05/12/2019 $2.47M
Cash: $2.23M $2.30M 05/12/2019 $0.07M
Enterprise Value: $89.94M $114.07M 08/13/1973 $24.13M
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: 05/12/2019 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 05/12/2019 0.00%
Misc 05/12/2019
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 231,000,000 231,000,000 05/12/2019 0
Shares (FD): 233,000,000 233,000,000 05/12/2019 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 05/12/2019 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 05/12/2019 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 05/12/2019 0
Initial CapEx (Outstanding): $175.00M
1683.81% of Mkt.Cap		 $175.00M
544.82% of Mkt.Cap 		05/12/2019 $0.00M
Funding Option: n/a n/a 05/12/2019 n/a
Documentation: none PFS 05/12/2019 n/a
Value Adjustment: -25% -25% never 0%

Resource Data

GOLD 05/12/2019
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 1.10M 1.10M 05/12/2019 0.00M
Measured & Indicated: 1.30M 1.30M 05/12/2019 0.00M
Inferred: 1.10M 1.10M 05/12/2019 0.00M
Reserves & Resources: 2.40M 2.40M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 0.94M 0.94M 05/12/2019 0.00M
Measured & Indicated: 1.07M 1.07M 05/12/2019 0.00M
Inferred: 0.47M 0.47M 05/12/2019 0.00M
Reserves & Resources: 1.54M 1.54M never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/12/2019 $0.00
Extra Operating Cost: n/a n/a 05/12/2019 $0.00
Average Grade: 3.00 g/t 3.00 g/t 05/12/2019 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 05/12/2019 0.00%
F
U
T
U
R
E		 Proven & Probable: 1.50M 1.50M 05/12/2019 0.00M
Annual Production: 100,000oz. 100,000oz. 05/12/2019 0oz.
Cash Cost: $750 $750 05/12/2019 $0
Extra Operating Cost: $400 $400 05/12/2019 $0
SILVER 05/12/2019
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 05/12/2019 0.00M
Measured & Indicated: n/a n/a 05/12/2019 0.00M
Inferred: n/a n/a 05/12/2019 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 05/12/2019 0.00M
Measured & Indicated: n/a n/a 05/12/2019 0.00M
Inferred: n/a n/a 05/12/2019 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 05/12/2019 $0.00
Extra Operating Cost: n/a n/a 05/12/2019 $0.00
Average Grade: n/a n/a 05/12/2019 n/a
Recovery Rate: n/a n/a 05/12/2019 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 05/12/2019 0.00M
Annual Production: n/a n/a 05/12/2019 n/a
Cash Cost: n/a n/a 05/12/2019 n/a
Extra Operating Cost: n/a n/a 05/12/2019 n/a

Property

Last Analysis Data  (05/12/2019)
Stage Location Name Owned Type Au Ag Cu Notes
Production Lima, Peru Corihuarmi 100% n/a show
Production stops in 2020

20,000 oz annual production

High cash costs.
Development Peru Ollachea 100% Underground show
1 million oz deposit at 3.5 gpt with low cash costs.

Capex $178 million

Aftertax IRR 22% at $1300 gold.

100,000 oz production

Need financing to begin construction.
Exploration Santa Cruz, Argentina Escondido 100% n/a n/a
Exploration Santa Cruz, Argentina Michelle 100% n/a n/a
Exploration Santa Cruz, Argentina Pan de Azucar 100% n/a n/a
Exploration Argentina Patagonia Regional 100% n/a n/a
Exploration Chile Frontera 100% n/a n/a
Exploration Peru Bethania 0% n/a n/a
Exploration Peru Huaquirca 0% n/a n/a
Exploration Peru Quilavira 0% n/a n/a
Current Data
Stage Location Name Owned Type Au Ag Cu Notes
Production Lima, Peru Corihuarmi 100% n/a show
Production stops in 2020

20,000 oz annual production

High cash costs.
Development Peru Ollachea 100% Underground show
1 million oz deposit at 3.5 gpt with low cash costs.

Capex $178 million

Aftertax IRR 22% at $1300 gold.

100,000 oz production

Need financing to begin construction.
Exploration Santa Cruz, Argentina Escondido 100% n/a n/a
Exploration Santa Cruz, Argentina Michelle 100% n/a n/a
Exploration Santa Cruz, Argentina Pan de Azucar 100% n/a n/a
Exploration Argentina Patagonia Regional 100% n/a n/a
Exploration Chile Frontera 100% n/a n/a
Exploration Peru Bethania 0% n/a n/a
Exploration Peru Huaquirca 0% n/a n/a
Exploration Peru Quilavira 0% n/a n/a

Profitability (by resource)

Proven &
Probable		 05/12/2019
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.): 1.10M 1.10M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -0.54M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.94M 0.94M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -0.46M
Maximum Profit (Gold): $66.51M $198.85M n/a $132.34M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $66.51M $198.85M n/a $132.34M
Max Profit / Current MCap: 6.400 6.191 n/a -0.209
Max Profit Per Share (Gold): $0.29 $0.85 n/a $0.57
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.29 $0.85 n/a $0.57
Total Free Profit Per Share: $0.23 $0.67 n/a $0.45
FD Mkt. Cap / Gold Eq.: $11.12 $34.35 n/a $23.24
FD Mkt. Cap / Silver Eq.: $0.13 $0.40 n/a $0.27
FD Mkt. Cap / Per Metal
as % Spot Price:		 0.86% 2.21% n/a 1.34%
Measured &
Indicated		 05/12/2019
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.): 1.30M 1.30M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -0.64M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.07M 1.07M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -0.53M
Maximum Profit (Gold): $76.19M $227.78M n/a $151.59M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $76.19M $227.78M n/a $151.59M
Max Profit / Current MCap: 7.331 7.091 n/a -0.239
Max Profit Per Share (Gold): $0.33 $0.98 n/a $0.65
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.33 $0.98 n/a $0.65
Total Free Profit Per Share: $0.27 $0.80 n/a $0.53
FD Mkt. Cap / Gold Eq.: $9.70 $29.99 n/a $20.29
FD Mkt. Cap / Silver Eq.: $0.11 $0.35 n/a $0.23
FD Mkt. Cap / Per Metal
as % Spot Price:		 0.75% 1.93% n/a 1.17%

Reserves &
Resources		 05/12/2019
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.): 2.40M 2.40M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -1.18M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.54M 1.54M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -0.76M
Maximum Profit (Gold): $109.45M $327.20M n/a $217.76M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $109.45M $327.20M n/a $217.76M
Max Profit / Current MCap: 10.531 10.187 n/a -0.344
Max Profit Per Share (Gold): $0.47 $1.40 n/a $0.93
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.47 $1.40 n/a $0.93
Total Free Profit Per Share: $0.41 $1.22 n/a $0.81
FD Mkt. Cap / Gold Eq.: $6.76 $20.88 n/a $14.12
FD Mkt. Cap / Silver Eq.: $0.08 $0.24 n/a $0.16
FD Mkt. Cap / Per Metal
as % Spot Price:		 0.53% 1.34% n/a 0.82%

Future Valuation (Cash Flow & Totals)

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