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Category: Junior: Near-term Producer
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Kerr Mines Inc
www: kerrmines.com     email: info@kerrmines.com

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Notes
Forum
Your Data

Symbol Data

Symbol Currency
OTCMKTS:KERMF USD
TSE:KER CAD

Description

Kerr Mines Inc are a gold focused junior near-term producer with one producing mine in USA and three exploration properties. Currently they produce roughly per year. They have approximately 0.4Moz. 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$54.04M which is a rise of roughly 42% over the last eleven months. As of 08/26/2018 they have ~C$34M debt and ~C$19.15M cash. They have 255M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 08/26/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $38.15M $54.04M 08/26/2018 $15.89M
Total Assets: $23.38M $22.98M 08/26/2018 $-0.40M
Total Liabilities: $31.17M $30.63M 08/26/2018 $-0.53M
Current Assets: $19.48M $19.15M 08/26/2018 $-0.33M
Current Liabilities: $0.83M $0.81M 08/26/2018 $-0.01M
Total Debt: $35.06M $34.46M 08/26/2018 $-0.60M
Cash: $19.48M $19.15M 08/26/2018 $-0.33M
Enterprise Value: $53.73M $69.36M 03/13/1972 $15.62M
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: 08/26/2018 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 08/26/2018 0.00%
Misc 08/26/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 255,000,000 255,000,000 08/26/2018 0
Shares (FD): 288,000,000 288,000,000 08/26/2018 0
Insider Ownership: n/a 40% 08/26/2018 40%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 10/01/2019 08/26/2018 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
08/26/2018 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
08/26/2018 0
Initial CapEx (Outstanding): $25.00M
65.53% of Mkt.Cap
$25.00M
46.26% of Mkt.Cap
08/26/2018 $0.00M
Funding Option: n/a n/a 08/26/2018 n/a
Documentation: none none 08/26/2018 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 08/26/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 0.25M 0.25M 08/26/2018 0.00M
Measured & Indicated: 0.30M 0.30M 08/26/2018 0.00M
Inferred: 0.10M 0.10M 08/26/2018 0.00M
Reserves & Resources: 0.40M 0.40M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 0.23M 0.23M 08/26/2018 0.00M
Measured & Indicated: 0.26M 0.26M 08/26/2018 0.00M
Inferred: 0.05M 0.05M 08/26/2018 0.00M
Reserves & Resources: 0.31M 0.31M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 08/26/2018 $0.00
Extra Operating Cost: $0 $0 08/26/2018 $0.00
Average Grade: 7.50 g/t 7.50 g/t 08/26/2018 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 08/26/2018 0.00%
F
U
T
U
R
E
Proven & Probable: 0.40M 0.40M 08/26/2018 0.00M
Annual Production: 40,000oz. 40,000oz. 08/26/2018 0oz.
Cash Cost: $800 $800 08/26/2018 $0
Extra Operating Cost: $400 $400 08/26/2018 $0
SILVER 08/26/2018
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 08/26/2018 0.00M
Measured & Indicated: n/a n/a 08/26/2018 0.00M
Inferred: n/a n/a 08/26/2018 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 08/26/2018 0.00M
Measured & Indicated: n/a n/a 08/26/2018 0.00M
Inferred: n/a n/a 08/26/2018 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 08/26/2018 $0.00
Extra Operating Cost: n/a n/a 08/26/2018 $0.00
Average Grade: n/a n/a 08/26/2018 n/a
Recovery Rate: n/a n/a 08/26/2018 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 08/26/2018 0.00M
Annual Production: n/a n/a 08/26/2018 n/a
Cash Cost: n/a n/a 08/26/2018 n/a
Extra Operating Cost: n/a n/a 08/26/2018 n/a

Property

Last Analysis Data  (08/26/2018)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production Ontario, Canada McGarry 75% 480 Underground show
Production began in 2013. But I think it was halted.

Company presentation is 1 year old.
Production Arizona, USA Copperstone 100% n/a 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 Ontario, Canada Swansea 75% (guess) n/a n/a show
Early exploration.
Exploration Nevada, USA Belmont 100% n/a n/a n/a
Exploration Eureka, USA Gold Bar 100% n/a n/a n/a
Exploration Western Arizona, USA Oatman 100% n/a n/a n/a
Total Land Package Size (ha): 480  
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
08/26/2018
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.): 0.25M 0.25M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 1.91M
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 1.72M
Maximum Profit (Gold): $63.83M $98.06M n/a $34.22M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $63.83M $98.06M n/a $34.22M
Max Profit / Current MCap: 1.673 1.815 n/a 0.141
Max Profit Per Share (Gold): $0.22 $0.34 n/a $0.12
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.22 $0.34 n/a $0.12
Total Free Profit Per Share: $0.05 $0.10 n/a $0.04
FD Mkt. Cap / Gold Eq.: $169.55 $240.17 n/a $70.62
FD Mkt. Cap / Silver Eq.: $2.08 $2.69 n/a $0.61
FD Mkt. Cap / Per Metal
as % Spot Price:
14.07% 16.88% n/a 2.82%
Measured &
Indicated
08/26/2018
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.): 0.30M 0.30M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 2.29M
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 1.99M
Maximum Profit (Gold): $74.05M $113.75M n/a $39.70M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $74.05M $113.75M n/a $39.70M
Max Profit / Current MCap: 1.941 2.105 n/a 0.164
Max Profit Per Share (Gold): $0.26 $0.39 n/a $0.14
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.26 $0.39 n/a $0.14
Total Free Profit Per Share: $0.09 $0.15 n/a $0.06
FD Mkt. Cap / Gold Eq.: $146.16 $207.04 n/a $60.88
FD Mkt. Cap / Silver Eq.: $1.79 $2.32 n/a $0.53
FD Mkt. Cap / Per Metal
as % Spot Price:
12.13% 14.55% n/a 2.43%

Reserves &
Resources
08/26/2018
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.): 0.40M 0.40M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 3.06M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.31M 0.31M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 2.34M
Maximum Profit (Gold): $86.82M $133.36M n/a $46.55M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $86.82M $133.36M n/a $46.55M
Max Profit / Current MCap: 2.276 2.468 n/a 0.192
Max Profit Per Share (Gold): $0.30 $0.46 n/a $0.16
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.30 $0.46 n/a $0.16
Total Free Profit Per Share: $0.13 $0.22 n/a $0.09
FD Mkt. Cap / Gold Eq.: $124.67 $176.60 n/a $51.93
FD Mkt. Cap / Silver Eq.: $1.53 $1.98 n/a $0.45
FD Mkt. Cap / Per Metal
as % Spot Price:
10.34% 12.41% n/a 2.07%

Future Valuation (Cash Flow & Totals)

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