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Pelangio Exploration Inc.

www: www.pelangio.com   email: info@pelangio.com
Category: Junior: Project Generator
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Symbol Data

Symbol Currency
CVE:PX CAD
OTCMKTS:PGXPF USD

Description

Pelangio Exploration Inc. are a junior, project generator looking for gold with one mine in development in Ghana and exploration properties. They have a market capitalisation of ~C$12.4M which is a fall of roughly 14% over the last three months. As of 03/13/2021 they have no debt and ~C$1.38M cash. They have 70M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 03/13/2021
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $14.38M $12.40M 03/13/2021 $-1.99M
Total Assets: $2.39M $2.42M 03/13/2021 $0.03M
Total Liabilities: $0.48M $0.48M 03/13/2021 $0.01M
Current Assets: $2.31M $2.34M 03/13/2021 $0.02M
Current Liabilities: $0.45M $0.45M 03/13/2021 $0.00M
Total Debt: $0.00M $0.00M 03/13/2021 $0.00M
Cash: $1.36M $1.38M 03/13/2021 $0.01M
Enterprise Value: $13.02M $11.02M 05/08/1970 $-2.00M
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: 03/13/2021 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 03/13/2021 0.00%
Misc 03/13/2021
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 70,020,000 70,020,000 03/13/2021 0
Shares (FD): 105,995,000 105,995,000 03/13/2021 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 03/13/2021 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
03/13/2021 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
03/13/2021 0
Initial CapEx (Outstanding): n/a n/a 03/13/2021 n/a
Funding Option: n/a n/a 03/13/2021 n/a
Documentation: none none 03/13/2021 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 03/13/2021
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 03/13/2021 0.00M
Measured & Indicated: 0.00M 0.00M 03/13/2021 0.00M
Inferred: 0.00M 0.00M 03/13/2021 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 03/13/2021 0.00M
Measured & Indicated: 0.00M 0.00M 03/13/2021 0.00M
Inferred: 0.00M 0.00M 03/13/2021 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 03/13/2021 $0.00
Extra Operating Cost: n/a n/a 03/13/2021 $0.00
Average Grade: n/a n/a 03/13/2021 n/a
Recovery Rate: n/a n/a 03/13/2021 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 03/13/2021 0.00M
Annual Production: n/a n/a 03/13/2021 n/a
Cash Cost: n/a n/a 03/13/2021 n/a
Extra Operating Cost: n/a n/a 03/13/2021 n/a
SILVER 03/13/2021
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 03/13/2021 0.00M
Measured & Indicated: n/a n/a 03/13/2021 0.00M
Inferred: n/a n/a 03/13/2021 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 03/13/2021 0.00M
Measured & Indicated: n/a n/a 03/13/2021 0.00M
Inferred: n/a n/a 03/13/2021 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 03/13/2021 $0.00
Extra Operating Cost: n/a n/a 03/13/2021 $0.00
Average Grade: n/a n/a 03/13/2021 n/a
Recovery Rate: n/a n/a 03/13/2021 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 03/13/2021 0.00M
Annual Production: n/a n/a 03/13/2021 n/a
Cash Cost: n/a n/a 03/13/2021 n/a
Extra Operating Cost: n/a n/a 03/13/2021 n/a

Property

Last Analysis Data  (03/13/2021)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Exploration Red Lake, Ontario, Canada Birch Lake 30% (guess) 2,500 n/a show
Early exploration.


The Company entered into an option agreement dated August 31, 2020, with Jubilee Minerals
Inc., ("Jubilee") on the Birch Lake Project.

To exercise the option and earn a 70% interest in the Birch Lake Project, Jubilee must:
(a) pay to Pelangio $5,000 on the date the agreement is accepted by the TSXV (received);
and
(b) undertake a total of $2,000,000 in exploration expenditures on the Birch Lake Project,
within four years of the date of the Option Agreement (the "Effective Date") as follows:
(i) $500,000 on or before the first anniversary of the Effective Date;
(ii) $500,000 on or before the second anniversary of the Effective Date;
(iii) $500,000 on or before the third anniversary of the Effective Date; and
(iv) $500,000 on or before the fourth anniversary of the Effective Date.
Exploration Ontario, Canada Dalton 10% 350 n/a show
Early exploration.
On August 26, 2020, the Company relinquished its option to earn a 90% interest in the Dalton
Property.
Exploration Ontario, Canada Dome West 100% (guess) 56 n/a show
Early exploration.
Exploration Ontario, Canada Grenfell 100% (guess) n/a n/a n/a
Exploration Saskatchewan, Canada Hailstone 90% (guess) 7,450 n/a n/a
Development West Africa, Ghana Manfo 90% 10,000 Open Pit show
500,000 oz shallow deposit (1 gpt). Still early exploration, but they appear to be advancing it toward production.
Exploration Brong Ahafo Region, Ghana Akroma 100% 16,000 Open Pit show
Early exploration.
Exploration Ghana Dankran 100% (guess) 3,400 n/a show
Adjacent to historic Obuom mine which in the 1930’s produced 29,000 ounces at an average grade of 16 g/t Au, with recent extensive artisanal mining activity evident extending from the mine site into the Dankran property;

Very limited exploration to date.

In order to acquire 100% interest in the Dankran property, Pelangio must pay to BNT Ghana an aggregate of $300,000, and issue 1,000,000 shares
Exploration West Africa, Ghana Obuasi 100% 29,000 Open Pit show
Large property next door to a 30 million oz deposit.
Total Land Package Size (ha): 68,756  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Exploration Red Lake, Ontario, Canada Birch Lake 30% (guess) 2,500 n/a show
Early exploration.


The Company entered into an option agreement dated August 31, 2020, with Jubilee Minerals
Inc., ("Jubilee") on the Birch Lake Project.

To exercise the option and earn a 70% interest in the Birch Lake Project, Jubilee must:
(a) pay to Pelangio $5,000 on the date the agreement is accepted by the TSXV (received);
and
(b) undertake a total of $2,000,000 in exploration expenditures on the Birch Lake Project,
within four years of the date of the Option Agreement (the "Effective Date") as follows:
(i) $500,000 on or before the first anniversary of the Effective Date;
(ii) $500,000 on or before the second anniversary of the Effective Date;
(iii) $500,000 on or before the third anniversary of the Effective Date; and
(iv) $500,000 on or before the fourth anniversary of the Effective Date.
Exploration Ontario, Canada Dalton 10% 350 n/a show
Early exploration.
On August 26, 2020, the Company relinquished its option to earn a 90% interest in the Dalton
Property.
Exploration Ontario, Canada Dome West 100% (guess) 56 n/a show
Early exploration.
Exploration Ontario, Canada Grenfell 100% (guess) n/a n/a n/a
Exploration Saskatchewan, Canada Hailstone 90% (guess) 7,450 n/a n/a
Development West Africa, Ghana Manfo 90% 10,000 Open Pit show
500,000 oz shallow deposit (1 gpt). Still early exploration, but they appear to be advancing it toward production.
Exploration Brong Ahafo Region, Ghana Akroma 100% 16,000 Open Pit show
Early exploration.
Exploration Ghana Dankran 100% (guess) 3,400 n/a show
Adjacent to historic Obuom mine which in the 1930’s produced 29,000 ounces at an average grade of 16 g/t Au, with recent extensive artisanal mining activity evident extending from the mine site into the Dankran property;

Very limited exploration to date.

In order to acquire 100% interest in the Dankran property, Pelangio must pay to BNT Ghana an aggregate of $300,000, and issue 1,000,000 shares
Exploration West Africa, Ghana Obuasi 100% 29,000 Open Pit show
Large property next door to a 30 million oz deposit.
Total Land Package Size (ha): 68,756  

Profitability (by resource)

Proven &
Probable
03/13/2021
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
03/13/2021
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
03/13/2021
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%

Future Valuation (Cash Flow & Totals)

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