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Category: Junior: Late Stage Developer
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Sandspring Resources Ltd.
www: www.sandspringresources.com     email: info@sandspringresources.com

Profile
Notes
Forum
Your Data

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 10Moz. of gold in the reserves and resources category of which 7Moz. are in the measured and indicated category. They have a market capitalisation of ~C$54.11M which is a fall of roughly 30% over the last five months. As of 12/30/2018 they have no debt and ~C$4.45M cash. They have 209M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 12/30/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $77.31M $54.11M 12/30/2018 $-23.20M
Total Assets: $31.17M $29.69M 12/30/2018 $-1.48M
Total Liabilities: $15.58M $14.85M 12/30/2018 $-0.74M
Current Assets: $4.68M $4.45M 12/30/2018 $-0.22M
Current Liabilities: $1.56M $1.48M 12/30/2018 $-0.07M
Total Debt: $0.00M $0.00M 12/30/2018 $0.00M
Cash: $4.68M $4.45M 12/30/2018 $-0.22M
Enterprise Value: $72.64M $49.66M 07/29/1971 $-22.98M
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: 12/30/2018 n/a
Tax Rate: (guess)  38.00% (CG)  38.00% 04/23/2019 0.00%
Misc 12/30/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 209,000,000 209,000,000 12/30/2018 0
Shares (FD): 405,000,000 405,000,000 12/30/2018 0
Insider Ownership: n/a 33% 04/23/2019 33%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2021 12/30/2018 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
12/30/2018 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
12/30/2018 0
Initial CapEx (Outstanding): $500.00M
646.71% of Mkt.Cap
$500.00M
924.03% of Mkt.Cap
12/30/2018 $0.00M
Funding Option: n/a n/a 12/30/2018 n/a
Documentation: none PFS 04/23/2019 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 12/30/2018
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 12/30/2018 0.00M
Measured & Indicated: 7.00M 7.00M 12/30/2018 0.00M
Inferred: 3.00M 3.00M 12/30/2018 0.00M
Reserves & Resources: 10.00M 10.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 3.40M 3.40M 12/30/2018 0.00M
Measured & Indicated: 5.44M 5.44M 12/30/2018 0.00M
Inferred: 1.28M 1.28M 12/30/2018 0.00M
Reserves & Resources: 6.72M 6.72M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 12/30/2018 $0.00
Extra Operating Cost: n/a n/a 12/30/2018 $0.00
Average Grade: 1.00 g/t 1.00 g/t 12/30/2018 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 04/23/2019 0.00%
F
U
T
U
R
E
Proven & Probable: 7.00M 7.00M 12/30/2018 0.00M
Annual Production: 225,000oz. 225,000oz. 12/30/2018 0oz.
Cash Cost: $750 $750 12/30/2018 $0
Extra Operating Cost: $400 $400 12/30/2018 $0
SILVER 12/30/2018
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 12/30/2018 0.00M
Measured & Indicated: n/a n/a 12/30/2018 0.00M
Inferred: n/a n/a 12/30/2018 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 12/30/2018 0.00M
Measured & Indicated: n/a n/a 12/30/2018 0.00M
Inferred: n/a n/a 12/30/2018 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 12/30/2018 $0.00
Extra Operating Cost: n/a n/a 12/30/2018 $0.00
Average Grade: n/a n/a 12/30/2018 n/a
Recovery Rate: n/a n/a 12/30/2018 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 12/30/2018 0.00M
Annual Production: n/a n/a 12/30/2018 n/a
Cash Cost: n/a n/a 12/30/2018 n/a
Extra Operating Cost: n/a n/a 12/30/2018 n/a

Property

Last Analysis Data  (12/30/2018)
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
12/30/2018
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 21.81M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 3.40M 3.40M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 18.54M
Maximum Profit (Gold): $274.88M $267.72M n/a $-7.17M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $274.88M $267.72M n/a $-7.17M
Max Profit / Current MCap: 3.555 4.948 n/a 1.392
Max Profit Per Share (Gold): $0.68 $0.66 n/a $-0.02
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.68 $0.66 n/a $-0.02
Total Free Profit Per Share: $0.43 $0.48 n/a $0.05
FD Mkt. Cap / Gold Eq.: $22.74 $15.91 n/a $-6.82
FD Mkt. Cap / Silver Eq.: $0.27 $0.18 n/a $-0.09
FD Mkt. Cap / Per Metal
as % Spot Price:
1.78% 1.25% n/a -0.53%
Measured &
Indicated
12/30/2018
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.): 7.00M 7.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 38.16M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 5.44M 5.44M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 29.66M
Maximum Profit (Gold): $439.81M $428.35M n/a $-11.47M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $439.81M $428.35M n/a $-11.47M
Max Profit / Current MCap: 5.689 7.916 n/a 2.227
Max Profit Per Share (Gold): $1.09 $1.06 n/a $-0.03
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.09 $1.06 n/a $-0.03
Total Free Profit Per Share: $0.84 $0.88 n/a $0.04
FD Mkt. Cap / Gold Eq.: $14.21 $9.95 n/a $-4.27
FD Mkt. Cap / Silver Eq.: $0.17 $0.11 n/a $-0.06
FD Mkt. Cap / Per Metal
as % Spot Price:
1.11% 0.78% n/a -0.33%

Reserves &
Resources
12/30/2018
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.): 10.00M 10.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 54.52M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 6.72M 6.72M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 36.61M
Maximum Profit (Gold): $542.89M $528.74M n/a $-14.16M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $542.89M $528.74M n/a $-14.16M
Max Profit / Current MCap: 7.022 9.771 n/a 2.749
Max Profit Per Share (Gold): $1.34 $1.31 n/a $-0.03
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.34 $1.31 n/a $-0.03
Total Free Profit Per Share: $1.10 $1.13 n/a $0.03
FD Mkt. Cap / Gold Eq.: $11.51 $8.06 n/a $-3.46
FD Mkt. Cap / Silver Eq.: $0.14 $0.09 n/a $-0.05
FD Mkt. Cap / Per Metal
as % Spot Price:
0.90% 0.63% n/a -0.27%

Future Valuation (Cash Flow & Totals)

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