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Kerr Mines Inc

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

Symbol Currency
OTCMKTS:KERMF USD
TSE:KER CAD

Description

Kerr Mines Inc are a gold focused junior, late stage development company with one producing mine in USA and three exploration properties. Currently they produce roughly per year. They have approximately 0.6Moz. of gold in the reserves and resources category of which 0.3Moz. are in the measured and indicated category. They have a market capitalisation of ~C$36.72M which is a fall of roughly 36% over the last six months. As of 07/24/2019 they have ~C$10M debt and ~C$1.07M cash. They have 281M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 07/24/2019
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Mkt. Cap (FD): $57.25M $36.72M 07/24/2019 $-20.52M
Total Assets: $15.23M $15.30M 07/24/2019 $0.08M
Total Liabilities: $12.18M $12.24M 07/24/2019 $0.06M
Current Assets: $1.52M $1.53M 07/24/2019 $0.01M
Current Liabilities: $0.30M $0.31M 07/24/2019 $0.00M
Total Debt: $9.90M $9.95M 07/24/2019 $0.05M
Cash: $1.07M $1.07M 07/24/2019 $0.01M
Enterprise Value: $66.08M $45.60M 06/12/1971 $-20.48M
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: 07/24/2019 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 07/24/2019 0.00%
Misc 07/24/2019
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 281,000,000 281,000,000 07/24/2019 0
Shares (FD): 320,000,000 320,000,000 07/24/2019 0
Insider Ownership: n/a 33% 07/24/2019 33%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 06/01/2020 07/24/2019 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 07/24/2019 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 07/24/2019 0
Initial CapEx (Outstanding): $25.00M
43.67% of Mkt.Cap		 $25.00M
68.08% of Mkt.Cap 		07/24/2019 $0.00M
Funding Option: n/a n/a 07/24/2019 n/a
Documentation: none none 07/24/2019 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 07/24/2019
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 0.25M 0.25M 07/24/2019 0.00M
Measured & Indicated: 0.30M 0.30M 07/24/2019 0.00M
Inferred: 0.30M 0.30M 07/24/2019 0.00M
Reserves & Resources: 0.60M 0.60M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 0.23M 0.23M 07/24/2019 0.00M
Measured & Indicated: 0.26M 0.26M 07/24/2019 0.00M
Inferred: 0.14M 0.14M 07/24/2019 0.00M
Reserves & Resources: 0.40M 0.40M never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 07/24/2019 $0.00
Extra Operating Cost: $0 $0 07/24/2019 $0.00
Average Grade: 7.50 g/t 7.50 g/t 07/24/2019 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 07/24/2019 0.00%
F
U
T
U
R
E		 Proven & Probable: 0.60M 0.60M 07/24/2019 0.00M
Annual Production: 40,000oz. 40,000oz. 07/24/2019 0oz.
Cash Cost: $800 $800 07/24/2019 $0
Extra Operating Cost: $400 $400 07/24/2019 $0
SILVER 07/24/2019
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 07/24/2019 0.00M
Measured & Indicated: n/a n/a 07/24/2019 0.00M
Inferred: n/a n/a 07/24/2019 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 07/24/2019 0.00M
Measured & Indicated: n/a n/a 07/24/2019 0.00M
Inferred: n/a n/a 07/24/2019 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 07/24/2019 $0.00
Extra Operating Cost: n/a n/a 07/24/2019 $0.00
Average Grade: n/a n/a 07/24/2019 n/a
Recovery Rate: n/a n/a 07/24/2019 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 07/24/2019 0.00M
Annual Production: n/a n/a 07/24/2019 n/a
Cash Cost: n/a n/a 07/24/2019 n/a
Extra Operating Cost: n/a n/a 07/24/2019 n/a

Property

Last Analysis Data  (07/24/2019)
Stage Location Name Owned Type Au Ag Cu Notes
Production Arizona, USA Copperstone 100% Underground show
The halted production in October 2013. But there is a very good chance production will resume, especially at higher gold prices.

450,000 oz high grade deposit (9 gpt)
Exploration Nevada, USA Belmont 100% n/a n/a
Exploration Eureka, USA Gold Bar 100% n/a n/a
Exploration Western Arizona, USA Oatman 100% n/a n/a
Current Data
Stage Location Name Owned Type Au Ag Cu Notes
Production Arizona, USA Copperstone 100% Underground show
The halted production in October 2013. But there is a very good chance production will resume, especially at higher gold prices.

450,000 oz high grade deposit (9 gpt)
Exploration Nevada, USA Belmont 100% n/a n/a
Exploration Eureka, USA Gold Bar 100% n/a n/a
Exploration Western Arizona, USA Oatman 100% n/a n/a

Profitability (by resource)

Proven &
Probable		 07/24/2019
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.): 0.25M 0.25M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.30M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.23M 0.23M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.27M
Maximum Profit (Gold): $97.95M $119.29M n/a $21.34M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $97.95M $119.29M n/a $21.34M
Max Profit / Current MCap: 1.711 3.249 n/a 1.537
Max Profit Per Share (Gold): $0.31 $0.37 n/a $0.07
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.31 $0.37 n/a $0.07
Total Free Profit Per Share: $0.07 $0.22 n/a $0.15
FD Mkt. Cap / Gold Eq.: $254.43 $163.21 n/a $-91.22
FD Mkt. Cap / Silver Eq.: $2.95 $1.86 n/a $-1.08
FD Mkt. Cap / Per Metal
as % Spot Price:		 17.89% 10.48% n/a -7.41%
Measured &
Indicated		 07/24/2019
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.): 0.30M 0.30M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.36M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.26M 0.26M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.32M
Maximum Profit (Gold): $113.62M $138.38M n/a $24.76M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $113.62M $138.38M n/a $24.76M
Max Profit / Current MCap: 1.985 3.768 n/a 1.783
Max Profit Per Share (Gold): $0.36 $0.43 n/a $0.08
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.36 $0.43 n/a $0.08
Total Free Profit Per Share: $0.12 $0.28 n/a $0.16
FD Mkt. Cap / Gold Eq.: $219.33 $140.70 n/a $-78.64
FD Mkt. Cap / Silver Eq.: $2.54 $1.61 n/a $-0.93
FD Mkt. Cap / Per Metal
as % Spot Price:		 15.43% 9.03% n/a -6.39%

Reserves &
Resources		 07/24/2019
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.): 0.60M 0.60M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.72M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.40M 0.40M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.48M
Maximum Profit (Gold): $172.39M $209.95M n/a $37.56M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $172.39M $209.95M n/a $37.56M
Max Profit / Current MCap: 3.011 5.717 n/a 2.706
Max Profit Per Share (Gold): $0.54 $0.66 n/a $0.12
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.54 $0.66 n/a $0.12
Total Free Profit Per Share: $0.30 $0.51 n/a $0.20
FD Mkt. Cap / Gold Eq.: $144.56 $92.73 n/a $-51.83
FD Mkt. Cap / Silver Eq.: $1.67 $1.06 n/a $-0.61
FD Mkt. Cap / Per Metal
as % Spot Price:		 10.17% 5.95% n/a -4.21%

Future Valuation (Cash Flow & Totals)

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