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Asante Gold Corp

www: www.asantegold.com   email: Douglas@asantegold.com
Category: Junior: Near-term Producer
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Symbol Data

Symbol Currency
CNSX:ASE CAD
OTCMKTS:ASGOF USD

Description

Asante Gold Corp are a gold focused junior near-term producer with one mine in development in Ghana and four exploration properties. They have approximately 2.5Moz. of gold in the reserves and resources category of which 1.5Moz. are in the measured and indicated category. They have a market capitalisation of ~C$348.93M which is a rise of roughly 19% over the last one months. As of 09/07/2021 they have ~C$48M debt and ~C$28.27M cash. They have 255M shares outstanding and trade on the Canadian Securities Exchange and the over-the-counter markets.

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General Details

Financial 09/07/2021
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Mkt. Cap (FD): $293.66M $348.93M 09/07/2021 $55.27M
Total Assets: $39.85M $40.38M 09/07/2021 $0.53M
Total Liabilities: $55.80M $56.53M 09/07/2021 $0.74M
Current Assets: $27.90M $28.27M 09/07/2021 $0.37M
Current Liabilities: $47.83M $48.46M 09/07/2021 $0.63M
Total Debt: $47.83M $48.46M 09/07/2021 $0.63M
Cash: $27.90M $28.27M 09/07/2021 $0.37M
Enterprise Value: $313.59M $369.12M 09/12/1981 $55.54M
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: 09/07/2021 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 09/07/2021 0.00%
Misc 09/07/2021
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 255,201,000 255,201,000 09/07/2021 0
Shares (FD): 334,924,000 334,924,000 09/07/2021 0
Insider Ownership: n/a 40% 09/07/2021 40%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 06/01/2022 09/07/2021 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 09/07/2021 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 09/07/2021 0
Initial CapEx (Outstanding): $60.00M
20.43% of Mkt.Cap		 $60.00M
17.2% of Mkt.Cap 		09/07/2021 $0.00M
Funding Option: n/a n/a 09/07/2021 n/a
Documentation: none FS 09/07/2021 n/a
Value Adjustment: 25% 25% never 0%

Resource Data

GOLD 09/07/2021
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 09/07/2021 0.00M
Measured & Indicated: 1.50M 1.50M 09/07/2021 0.00M
Inferred: 1.00M 1.00M 09/07/2021 0.00M
Reserves & Resources: 2.50M 2.50M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 09/07/2021 0.00M
Measured & Indicated: 1.02M 1.02M 09/07/2021 0.00M
Inferred: 0.43M 0.43M 09/07/2021 0.00M
Reserves & Resources: 1.45M 1.45M never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 09/07/2021 $0.00
Extra Operating Cost: n/a n/a 09/07/2021 $0.00
Average Grade: 3.00 g/t 3.00 g/t 09/07/2021 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 09/07/2021 0.00%
F
U
T
U
R
E		 Proven & Probable: 1.50M 1.50M 09/07/2021 0.00M
Annual Production: 100,000oz. 100,000oz. 09/07/2021 0oz.
Cash Cost: $950 $950 09/07/2021 $0
Extra Operating Cost: $450 $450 09/07/2021 $0
SILVER 09/07/2021
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 09/07/2021 0.00M
Measured & Indicated: n/a n/a 09/07/2021 0.00M
Inferred: n/a n/a 09/07/2021 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 09/07/2021 0.00M
Measured & Indicated: n/a n/a 09/07/2021 0.00M
Inferred: n/a n/a 09/07/2021 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 09/07/2021 $0.00
Extra Operating Cost: n/a n/a 09/07/2021 $0.00
Average Grade: n/a n/a 09/07/2021 n/a
Recovery Rate: n/a n/a 09/07/2021 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 09/07/2021 0.00M
Annual Production: n/a n/a 09/07/2021 n/a
Cash Cost: n/a n/a 09/07/2021 n/a
Extra Operating Cost: n/a n/a 09/07/2021 n/a

Property

Last Analysis Data  (09/07/2021)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development West Africa, Ghana Kubi 50% (guess) 1,900 n/a show
350,000 oz high grade deposit.

50% JV

Production in 2018 or 2019 at 35,000 oz (500 tpd).
Exploration Ghana, Ghana Betenase 100% (guess) n/a n/a show
Early exploration.
Exploration West Africa, Ghana Bibiani 100% (guess) n/a Open Pit show
2.5 million oz deposit.
Exploration Africa, Ghana Fahiakoba 95% (guess) 2,200 Open Pit show
Good location, next to two large mines. Early exploration. Very little drilling.
Exploration Ghana, Ghana Keyhole 100% (guess) n/a n/a show
Early Exploration.
Total Land Package Size (ha): 4,100  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development West Africa, Ghana Kubi 50% (guess) 1,900 n/a show
350,000 oz high grade deposit.

50% JV

Production in 2018 or 2019 at 35,000 oz (500 tpd).
Exploration Ghana, Ghana Betenase 100% (guess) n/a n/a show
Early exploration.
Exploration West Africa, Ghana Bibiani 100% (guess) n/a Open Pit show
2.5 million oz deposit.
Exploration Africa, Ghana Fahiakoba 95% (guess) 2,200 Open Pit show
Good location, next to two large mines. Early exploration. Very little drilling.
Exploration Ghana, Ghana Keyhole 100% (guess) n/a n/a show
Early Exploration.
Total Land Package Size (ha): 4,100  

Profitability (by resource)

Proven &
Probable		 09/07/2021
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD Mkt. Cap / Gold Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Silver Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%
Measured &
Indicated		 09/07/2021
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.): 1.50M 1.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 2.74M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.02M 1.02M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 1.86M
Maximum Profit (Gold): $351.38M $334.96M n/a $-16.42M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $351.38M $334.96M n/a $-16.42M
Max Profit / Current MCap: 1.197 0.960 n/a -0.237
Max Profit Per Share (Gold): $1.05 $1.00 n/a $-0.05
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.05 $1.00 n/a $-0.05
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $287.90 $342.09 n/a $54.19
FD Mkt. Cap / Silver Eq.: $3.90 $4.52 n/a $0.62
FD Mkt. Cap / Per Metal
as % Spot Price:		 16.05% 19.27% n/a 3.22%

Reserves &
Resources		 09/07/2021
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.): 2.50M 2.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 4.56M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.45M 1.45M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 2.64M
Maximum Profit (Gold): $497.78M $474.52M n/a $-23.26M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $497.78M $474.52M n/a $-23.26M
Max Profit / Current MCap: 1.695 1.360 n/a -0.335
Max Profit Per Share (Gold): $1.49 $1.42 n/a $-0.07
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.49 $1.42 n/a $-0.07
Total Free Profit Per Share: $0.39 $0.13 n/a $-0.26
FD Mkt. Cap / Gold Eq.: $203.22 $241.48 n/a $38.25
FD Mkt. Cap / Silver Eq.: $2.75 $3.19 n/a $0.44
FD Mkt. Cap / Per Metal
as % Spot Price:		 11.33% 13.60% n/a 2.27%

Future Valuation (Cash Flow & Totals)

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