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Pelangio Exploration Inc

www: www.pelangio.com   email: ir@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$2.69M which is a fall of roughly 29% over the last sixteen months. As of 03/19/2023 they have no debt and ~C$0.73M cash. They have 122M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 03/19/2023
Last
Analysis
Data

Current Data
Item Value Value Updated
MCap (FD): $3.78M $2.69M 03/01/2024
Total Assets: $0.73M $0.73M 03/19/2023
Total Liabilities: $0.43M $0.43M 03/19/2023
Current Assets: $0.73M $0.73M 03/19/2023
Current Liabilities: $0.40M $0.40M 03/19/2023
Total Debt: $0.00M $0.00M 03/19/2023
Cash: $0.73M $0.73M 03/19/2023
Enterprise Value: $3.05M $1.97M 01/23/1970
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: 03/19/2023
Misc 03/19/2023
Last
Analysis
Data

Current Data
Item Value Value Updated
Shares Outstanding: 109,000,000 121,826,887 03/01/2024
Shares (FD): 173,000,000 185,000,000 03/01/2024
Insider Ownership: n/a n/a never
Dividend (Annual): n/a n/a never
Company Type: Mostly Gold Mostly Gold never
Production ETA: n/a n/a 03/19/2023
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
03/19/2023
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
03/19/2023
Initial CapEx (Outstanding): n/a n/a 03/19/2023
Funding Option: n/a n/a 03/19/2023
Documentation: none none 03/01/2024
Future MCap Modifier: 0.02
PG/Explorer: Average Project
0.02
PG/Explorer: Average Project
04/24/2023
Cash Flow Multiplier: none none 03/01/2024

Resource Data

GOLD 03/19/2023
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 03/19/2023
Measured & Indicated: 0.00M 0.00M 03/19/2023
Inferred: 0.00M 0.00M 03/19/2023
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 03/19/2023
Measured & Indicated: 0.00M 0.00M 03/19/2023
Inferred: 0.00M 0.00M 03/19/2023
Reserves & Resources: n/a n/a never
C
U
R
R
E
N
T
Annual Production: n/a n/a
Cash Cost: n/a n/a 03/19/2023
Extra Operating Cost: n/a n/a 03/19/2023
Total: n/a n/a 03/19/2023
Margin (Free Cash Flow): n/a
G
R
A
D
E
Underground (Avg): n/a n/a 03/19/2023
Open Pit (Avg): n/a n/a 03/19/2023
Recovery Rate: n/a n/a 03/19/2023
F
U
T
U
R
E
Proven & Probable: n/a n/a 03/19/2023
Annual Production: n/a n/a 03/19/2023
Cash Cost: n/a n/a 03/19/2023
Extra Operating Cost: n/a n/a 03/19/2023
SILVER 03/19/2023
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 03/19/2023
Measured & Indicated: n/a n/a 03/19/2023
Inferred: n/a n/a 03/19/2023
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 03/19/2023
Measured & Indicated: n/a n/a 03/19/2023
Inferred: n/a n/a 03/19/2023
Reserves & Resources: n/a n/a never
C
U
R
R
E
N
T
Annual Production: n/a n/a
Cash Cost: n/a n/a 03/19/2023
Extra Operating Cost: n/a n/a 03/19/2023
Total: n/a n/a 03/19/2023
Margin (Free Cash Flow): n/a
G
R
A
D
E
Underground (Avg): n/a n/a 03/19/2023
Open Pit (Avg): n/a n/a 03/19/2023
Recovery Rate: n/a n/a 03/19/2023
F
U
T
U
R
E
Proven & Probable: n/a n/a 03/19/2023
Annual Production: n/a n/a 03/19/2023
Cash Cost: n/a n/a 03/19/2023
Extra Operating Cost: n/a n/a 03/19/2023

Property

Last Analysis Data  (03/19/2023)
Stage Name Owned Au Ag Cu Notes
Exp Birch Lake 20% show
They entered to a JV with First Mining Finance which can earn 80% . I is adjacent to their Springpole project.
Exp Dalton 10% show
Early exploration.
On August 26, 2020, the Company relinquished its option to earn a 90% interest in the Dalton
Property.
Exp Dome West 100% show
Early exploration.
Exp Grenfell 20% n/a
Dev Manfo 90% show
500,000 oz shallow deposit (1 gpt). Still early exploration, but they appear to be advancing it toward production.
Exp Dankran 100% 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
Exp Obuasi 100% show
Large property next door to a 30 million oz deposit.
Total Land Package Size (ha): 44,306  
Current Data
Stage Name Owned Au Ag Cu Notes
Exp Birch Lake 20% show
They entered to a JV with First Mining Finance which can earn 80% . I is adjacent to their Springpole project.
Exp Dalton 10% show
Early exploration.
On August 26, 2020, the Company relinquished its option to earn a 90% interest in the Dalton
Property.
Exp Dome West 100% show
Early exploration.
Exp Grenfell 20% n/a
Dev Manfo 90% show
500,000 oz shallow deposit (1 gpt). Still early exploration, but they appear to be advancing it toward production.
Exp Dankran 100% 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
Exp Obuasi 100% show
Large property next door to a 30 million oz deposit.
Total Land Package Size (ha): 44,306  

Profitability (by resource)

Proven &
Probable
03/19/2023
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
Measured &
Indicated
03/19/2023
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

Reserves &
Resources
03/19/2023
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

Future Valuation (Cash Flow & Totals)

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