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Sandspring Resources Ltd.

www: www.sandspringresources.com   email: info@sandspringresources.com
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
CVE:SSP CAD
OTCMKTS:SSPXF USD

Description

Sandspring Resources Ltd. are a gold focused junior, late stage development company with one mine in development in Guyana. They have approximately 9Moz. of gold in the reserves and resources category of which 6Moz. are in the measured and indicated category. They have a market capitalisation of ~C$714.64M which is a rise of roughly 565% over the last two months. As of 10/09/2019 they have no debt and ~C$6.83M cash. They have 279M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 10/09/2019
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $107.42M $714.64M 10/09/2019 $607.23M
Total Assets: $30.03M $30.36M 10/09/2019 $0.33M
Total Liabilities: $15.01M $15.18M 10/09/2019 $0.17M
Current Assets: $6.76M $6.83M 10/09/2019 $0.07M
Current Liabilities: $1.50M $1.52M 10/09/2019 $0.02M
Total Debt: $0.00M $0.00M 10/09/2019 $0.00M
Cash: $6.76M $6.83M 10/09/2019 $0.07M
Enterprise Value: $100.66M $707.81M 06/06/1992 $607.15M
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: 10/09/2019 n/a
Tax Rate: (guess)  38.00% (CG)  38.00% 10/09/2019 0.00%
Misc 10/09/2019
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 279,200,000 279,200,000 10/09/2019 0
Shares (FD): 461,600,000 461,600,000 10/09/2019 0
Insider Ownership: n/a 35% 10/09/2019 35%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2022 10/09/2019 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
10/09/2019 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
10/09/2019 0
Initial CapEx (Outstanding): $378.00M
351.9% of Mkt.Cap
$378.00M
52.89% of Mkt.Cap
10/09/2019 $0.00M
Funding Option: n/a n/a 10/09/2019 n/a
Documentation: none PEA 10/09/2019 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 10/09/2019
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 4.00M 4.00M 10/09/2019 0.00M
Measured & Indicated: 6.00M 6.00M 10/09/2019 0.00M
Inferred: 3.00M 3.00M 10/09/2019 0.00M
Reserves & Resources: 9.00M 9.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 3.52M 3.52M 10/09/2019 0.00M
Measured & Indicated: 4.93M 4.93M 10/09/2019 0.00M
Inferred: 1.32M 1.32M 10/09/2019 0.00M
Reserves & Resources: 6.25M 6.25M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 10/09/2019 $0.00
Extra Operating Cost: n/a n/a 10/09/2019 $0.00
Average Grade: 1.00 g/t 1.00 g/t 10/09/2019 n/a
Recovery Rate: (CG)  88.00% (CG)  88.00% 10/09/2019 0.00%
F
U
T
U
R
E
Proven & Probable: 6.00M 6.00M 10/09/2019 0.00M
Annual Production: 225,000oz. 225,000oz. 10/09/2019 0oz.
Cash Cost: $700 $700 10/09/2019 $0
Extra Operating Cost: $400 $400 10/09/2019 $0
SILVER 10/09/2019
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 10/09/2019 0.00M
Measured & Indicated: n/a n/a 10/09/2019 0.00M
Inferred: n/a n/a 10/09/2019 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 10/09/2019 0.00M
Measured & Indicated: n/a n/a 10/09/2019 0.00M
Inferred: n/a n/a 10/09/2019 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 10/09/2019 $0.00
Extra Operating Cost: n/a n/a 10/09/2019 $0.00
Average Grade: n/a n/a 10/09/2019 n/a
Recovery Rate: n/a n/a 10/09/2019 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 10/09/2019 0.00M
Annual Production: n/a n/a 10/09/2019 n/a
Cash Cost: n/a n/a 10/09/2019 n/a
Extra Operating Cost: n/a n/a 10/09/2019 n/a

Property

Last Analysis Data  (10/09/2019)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Guyana Toroparu 100% 60,000 Open Pit show
pre-feasibility study was out in 2013. After they complete permitting they can do financing. 10 million oz open pit deposit.
Total Land Package Size (ha): 60,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Guyana Toroparu 100% 60,000 Open Pit show
pre-feasibility study was out in 2013. After they complete permitting they can do financing. 10 million oz open pit deposit.
Total Land Package Size (ha): 60,000  

Profitability (by resource)

Proven &
Probable
10/09/2019
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.): 4.00M 4.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 14.24M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 3.52M 3.52M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 12.53M
Maximum Profit (Gold): $891.73M $783.92M n/a $-107.81M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $891.73M $783.92M n/a $-107.81M
Max Profit / Current MCap: 8.302 1.097 n/a -7.205
Max Profit Per Share (Gold): $1.93 $1.70 n/a $-0.23
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.93 $1.70 n/a $-0.23
Total Free Profit Per Share: $1.62 $0.00 n/a $-1.62
FD Mkt. Cap / Gold Eq.: $30.52 $203.02 n/a $172.51
FD Mkt. Cap / Silver Eq.: $0.36 $2.30 n/a $1.94
FD Mkt. Cap / Per Metal
as % Spot Price:
2.02% 13.91% n/a 11.89%
Measured &
Indicated
10/09/2019
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.): 6.00M 6.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 21.35M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 4.93M 4.93M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 17.54M
Maximum Profit (Gold): $1,248.42M $1,097.49M n/a $-150.93M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,248.42M $1,097.49M n/a $-150.93M
Max Profit / Current MCap: 11.622 1.536 n/a -10.086
Max Profit Per Share (Gold): $2.70 $2.38 n/a $-0.33
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.70 $2.38 n/a $-0.33
Total Free Profit Per Share: $2.39 $0.34 n/a $-2.06
FD Mkt. Cap / Gold Eq.: $21.80 $145.02 n/a $123.22
FD Mkt. Cap / Silver Eq.: $0.26 $1.64 n/a $1.39
FD Mkt. Cap / Per Metal
as % Spot Price:
1.44% 9.94% n/a 8.49%

Reserves &
Resources
10/09/2019
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.): 9.00M 9.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 32.03M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 6.25M 6.25M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 22.24M
Maximum Profit (Gold): $1,582.82M $1,391.45M n/a $-191.36M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,582.82M $1,391.45M n/a $-191.36M
Max Profit / Current MCap: 14.735 1.947 n/a -12.788
Max Profit Per Share (Gold): $3.43 $3.01 n/a $-0.41
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $3.43 $3.01 n/a $-0.41
Total Free Profit Per Share: $3.12 $0.97 n/a $-2.14
FD Mkt. Cap / Gold Eq.: $17.19 $114.38 n/a $97.19
FD Mkt. Cap / Silver Eq.: $0.20 $1.30 n/a $1.09
FD Mkt. Cap / Per Metal
as % Spot Price:
1.14% 7.84% n/a 6.70%

Future Valuation (Cash Flow & Totals)

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