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Serabi Mining Plc

www: www.serabigold.com   email: contact@serabigold.com
Category: Junior: Emerging Mid-tier Producer
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Symbol Data

Symbol Currency
LON:SRB GBX
TSE:SBI CAD
OTCMKTS:SRBIF USD

Description

Serabi Mining Plc are a gold focused junior, emerging mid-tier producer with one producing mine in Brazil and one mine in development in Brazil. Currently they produce roughly 40koz. of gold per year. They have approximately 0.9Moz. of gold in the reserves and resources category of which 0.5Moz. are in the measured and indicated category. They have a market capitalisation of ~C$62.05M which is a rise of roughly 68% over the last nine months. As of 03/09/2019 they have ~C$6M debt and ~C$1.32M cash. They have 59M shares outstanding and trade on the Toronto Stock Exchange, the London Stock Exchange and the over-the-counter markets.

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General Details

Financial 03/09/2019
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $36.96M $62.05M 03/09/2019 $25.10M
Total Assets: $50.67M $51.17M 03/09/2019 $0.50M
Total Liabilities: $17.14M $17.31M 03/09/2019 $0.17M
Current Assets: $14.90M $15.05M 03/09/2019 $0.15M
Current Liabilities: $13.41M $13.55M 03/09/2019 $0.13M
Total Debt: $5.96M $6.02M 03/09/2019 $0.06M
Cash: $1.30M $1.32M 03/09/2019 $0.01M
Enterprise Value: $41.62M $66.76M 02/12/1972 $25.14M
Cash Flow: $2.74M $7.48M never $4.74M
Cash Flow Multiple: 13.50 8.30 never -5.20
Net Debt to
Cash Flow Ratio:
1.70 0.63 never -1.07
Finance within 1 year: 03/09/2019 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 03/09/2019 0.00%
Misc 03/09/2019
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 59,000,000 59,000,000 03/09/2019 0
Shares (FD): 62,000,000 62,000,000 03/09/2019 0
Insider Ownership: n/a 60% 03/09/2019 60%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 10/01/2013 03/09/2019 n/a
Production (Gold Eq Oz.): (guess) 
40,000
(guess) 
40,000
03/09/2019 0
Production (Silver Eq Oz.): (guess) 
3,390,725
(guess) 
3,435,597
03/09/2019 44,872
Initial CapEx (Outstanding): $18.00M
48.7% of Mkt.Cap
$18.00M
29.01% of Mkt.Cap
03/09/2019 $0.00M
Funding Option: n/a n/a 03/09/2019 n/a
Documentation: none PRODUCER 03/09/2019 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 03/09/2019
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 0.34M 0.34M 03/09/2019 0.00M
Measured & Indicated: 0.50M 0.50M 03/09/2019 0.00M
Inferred: 0.40M 0.40M 03/09/2019 0.00M
Reserves & Resources: 0.90M 0.90M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 0.31M 0.31M 03/09/2019 0.00M
Measured & Indicated: 0.43M 0.43M 03/09/2019 0.00M
Inferred: 0.18M 0.18M 03/09/2019 0.00M
Reserves & Resources: 0.61M 0.61M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
40,000oz.
(guess) 
40,000oz.
03/09/2019 0oz.
Cash Cost: $800 $800 03/09/2019 $0.00
Extra Operating Cost: $400 $400 03/09/2019 $0.00
Average Grade: 7.00 g/t 7.00 g/t 03/09/2019 n/a
Recovery Rate: (CG)  92.00% (CG)  92.00% 03/09/2019 0.00%
F
U
T
U
R
E
Proven & Probable: 0.80M 0.80M 03/09/2019 0.00M
Annual Production: 80,000oz. 80,000oz. 03/09/2019 0oz.
Cash Cost: $800 $800 03/09/2019 $0
Extra Operating Cost: $400 $400 03/09/2019 $0
SILVER 03/09/2019
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 03/09/2019 0.00M
Measured & Indicated: n/a n/a 03/09/2019 0.00M
Inferred: n/a n/a 03/09/2019 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 03/09/2019 0.00M
Measured & Indicated: n/a n/a 03/09/2019 0.00M
Inferred: n/a n/a 03/09/2019 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 03/09/2019 $0.00
Extra Operating Cost: n/a n/a 03/09/2019 $0.00
Average Grade: n/a n/a 03/09/2019 n/a
Recovery Rate: n/a n/a 03/09/2019 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 03/09/2019 0.00M
Annual Production: n/a n/a 03/09/2019 n/a
Cash Cost: n/a n/a 03/09/2019 n/a
Extra Operating Cost: n/a n/a 03/09/2019 n/a

Property

Last Analysis Data  (03/09/2019)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production Tapajos Region, Brazil Jardin do Ouro 100% (guess) 53,000 Both show
Palito mine: Began production in 2014. Scheduled for 25,000 oz for 8 years, but will likely be expanded.

They also have 3 other deposits on the property.

Sao Chico is extremely high grade surface mine (25 gpt). It has 100,000 oz and is growing. They will begin sending ore to Palito in 2015.
Development Brazil, Brazil Coringa 100% (guess) n/a Open Pit show
350,000 oz

Feasibility study complete

Economic at $1300 gold

$28 million capex

30,000 oz per year.
Total Land Package Size (ha): 53,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production Tapajos Region, Brazil Jardin do Ouro 100% (guess) 53,000 Both show
Palito mine: Began production in 2014. Scheduled for 25,000 oz for 8 years, but will likely be expanded.

They also have 3 other deposits on the property.

Sao Chico is extremely high grade surface mine (25 gpt). It has 100,000 oz and is growing. They will begin sending ore to Palito in 2015.
Development Brazil, Brazil Coringa 100% (guess) n/a Open Pit show
350,000 oz

Feasibility study complete

Economic at $1300 gold

$28 million capex

30,000 oz per year.
Total Land Package Size (ha): 53,000  

Profitability (by resource)

Proven &
Probable
03/09/2019
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.): 0.34M 0.34M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.38M
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 0.35M
Maximum Profit (Gold): $21.41M $58.46M n/a $37.05M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $21.41M $58.46M n/a $37.05M
Max Profit / Current MCap: 0.579 0.942 n/a 0.363
Max Profit Per Share (Gold): $0.35 $0.94 n/a $0.60
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.35 $0.94 n/a $0.60
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $118.16 $198.38 n/a $80.23
FD Mkt. Cap / Silver Eq.: $1.39 $2.31 n/a $0.92
FD Mkt. Cap / Per Metal
as % Spot Price:
9.10% 13.52% n/a 4.42%
Measured &
Indicated
03/09/2019
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.): 0.50M 0.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.56M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.43M 0.43M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.48M
Maximum Profit (Gold): $29.48M $80.47M n/a $51.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $29.48M $80.47M n/a $51.00M
Max Profit / Current MCap: 0.798 1.297 n/a 0.499
Max Profit Per Share (Gold): $0.48 $1.30 n/a $0.82
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.48 $1.30 n/a $0.82
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $85.84 $144.13 n/a $58.29
FD Mkt. Cap / Silver Eq.: $1.01 $1.68 n/a $0.67
FD Mkt. Cap / Per Metal
as % Spot Price:
6.61% 9.82% n/a 3.21%

Reserves &
Resources
03/09/2019
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.): 0.90M 0.90M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 1.01M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.61M 0.61M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.69M
Maximum Profit (Gold): $42.07M $114.86M n/a $72.79M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $42.07M $114.86M n/a $72.79M
Max Profit / Current MCap: 1.138 1.851 n/a 0.713
Max Profit Per Share (Gold): $0.68 $1.85 n/a $1.17
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.68 $1.85 n/a $1.17
Total Free Profit Per Share: $0.00 $0.52 n/a $0.52
FD Mkt. Cap / Gold Eq.: $60.14 $100.97 n/a $40.83
FD Mkt. Cap / Silver Eq.: $0.71 $1.18 n/a $0.47
FD Mkt. Cap / Per Metal
as % Spot Price:
4.63% 6.88% n/a 2.25%

Future Valuation (Cash Flow & Totals)

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