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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$63.65M which is a rise of roughly 72% over the last six 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 $63.65M 03/09/2019 $26.69M
Total Assets: $50.67M $51.33M 03/09/2019 $0.66M
Total Liabilities: $17.14M $17.36M 03/09/2019 $0.22M
Current Assets: $14.90M $15.10M 03/09/2019 $0.19M
Current Liabilities: $13.41M $13.59M 03/09/2019 $0.17M
Total Debt: $5.96M $6.04M 03/09/2019 $0.08M
Cash: $1.30M $1.32M 03/09/2019 $0.02M
Enterprise Value: $41.62M $68.37M 03/02/1972 $26.75M
Cash Flow: $2.74M $8.37M never $5.63M
Cash Flow Multiple: 13.50 7.61 never -5.89
Net Debt to
Cash Flow Ratio:
1.70 0.56 never -1.14
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) 
3,351,146
03/09/2019 -39,579
Initial CapEx (Outstanding): $18.00M
48.7% of Mkt.Cap
$18.00M
28.28% 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 -0.34M
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 -0.31M
Maximum Profit (Gold): $21.41M $65.43M n/a $44.01M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $21.41M $65.43M n/a $44.01M
Max Profit / Current MCap: 0.579 1.028 n/a 0.448
Max Profit Per Share (Gold): $0.35 $1.06 n/a $0.71
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.35 $1.06 n/a $0.71
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $118.16 $203.49 n/a $85.33
FD Mkt. Cap / Silver Eq.: $1.39 $2.43 n/a $1.03
FD Mkt. Cap / Per Metal
as % Spot Price:
9.10% 13.58% n/a 4.47%
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 -0.49M
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 -0.43M
Maximum Profit (Gold): $29.48M $90.06M n/a $60.58M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $29.48M $90.06M n/a $60.58M
Max Profit / Current MCap: 0.798 1.415 n/a 0.617
Max Profit Per Share (Gold): $0.48 $1.45 n/a $0.98
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.48 $1.45 n/a $0.98
Total Free Profit Per Share: $0.00 $0.09 n/a $0.09
FD Mkt. Cap / Gold Eq.: $85.84 $147.83 n/a $61.99
FD Mkt. Cap / Silver Eq.: $1.01 $1.76 n/a $0.75
FD Mkt. Cap / Per Metal
as % Spot Price:
6.61% 9.86% n/a 3.25%

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 -0.89M
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 -0.61M
Maximum Profit (Gold): $42.07M $128.54M n/a $86.47M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $42.07M $128.54M n/a $86.47M
Max Profit / Current MCap: 1.138 2.019 n/a 0.881
Max Profit Per Share (Gold): $0.68 $2.07 n/a $1.39
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.68 $2.07 n/a $1.39
Total Free Profit Per Share: $0.00 $0.71 n/a $0.71
FD Mkt. Cap / Gold Eq.: $60.14 $103.57 n/a $43.43
FD Mkt. Cap / Silver Eq.: $0.71 $1.24 n/a $0.53
FD Mkt. Cap / Per Metal
as % Spot Price:
4.63% 6.91% n/a 2.28%

Future Valuation (Cash Flow & Totals)

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