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Minnova Corp

www: www.minnovacorp.ca   email: info@minnovacorp.ca
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
CVE:MCI CAD
OTCMKTS:AGRDF USD

Description

Minnova Corp are a gold focused junior, late stage development company with one mine in development in Canada and two exploration properties. They have approximately 0.7Moz. 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$3.43M which is a fall of roughly 83% over the last ten months. As of 12/26/2018 they have no debt and ~C$0.08M cash. They have 31M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 12/26/2018
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Mkt. Cap (FD): $20.73M $3.43M 12/26/2018 $-17.29M
Total Assets: $14.03M $13.56M 12/26/2018 $-0.47M
Total Liabilities: $1.79M $1.73M 12/26/2018 $-0.06M
Current Assets: $0.23M $0.23M 12/26/2018 $-0.01M
Current Liabilities: $1.79M $1.73M 12/26/2018 $-0.06M
Total Debt: $0.00M $0.00M 12/26/2018 $0.00M
Cash: $0.08M $0.08M 12/26/2018 $0.00M
Enterprise Value: $20.65M $3.36M 02/08/1970 $-17.29M
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: 12/26/2018 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 12/26/2018 0.00%
Misc 12/26/2018
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 31,000,000 31,000,000 12/26/2018 0
Shares (FD): 38,000,000 38,000,000 12/26/2018 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 12/26/2018 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 12/26/2018 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 12/26/2018 0
Initial CapEx (Outstanding): $25.00M
120.62% of Mkt.Cap		 $25.00M
727.97% of Mkt.Cap 		12/26/2018 $0.00M
Funding Option: n/a n/a 12/26/2018 n/a
Documentation: none PEA 12/26/2018 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 12/26/2018
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 12/26/2018 0.00M
Measured & Indicated: 0.30M 0.30M 12/26/2018 0.00M
Inferred: 0.40M 0.40M 12/26/2018 0.00M
Reserves & Resources: 0.70M 0.70M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 12/26/2018 0.00M
Measured & Indicated: 0.22M 0.22M 12/26/2018 0.00M
Inferred: 0.18M 0.18M 12/26/2018 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 12/26/2018 $0.00
Extra Operating Cost: n/a n/a 12/26/2018 $0.00
Average Grade: 5.00 g/t 5.00 g/t 12/26/2018 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 12/26/2018 0.00%
F
U
T
U
R
E		 Proven & Probable: 0.50M 0.50M 12/26/2018 0.00M
Annual Production: 40,000oz. 40,000oz. 12/26/2018 0oz.
Cash Cost: $800 $800 12/26/2018 $0
Extra Operating Cost: $400 $400 12/26/2018 $0
SILVER 12/26/2018
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 12/26/2018 0.00M
Measured & Indicated: n/a n/a 12/26/2018 0.00M
Inferred: n/a n/a 12/26/2018 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 12/26/2018 0.00M
Measured & Indicated: n/a n/a 12/26/2018 0.00M
Inferred: n/a n/a 12/26/2018 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 12/26/2018 $0.00
Extra Operating Cost: n/a n/a 12/26/2018 $0.00
Average Grade: n/a n/a 12/26/2018 n/a
Recovery Rate: n/a n/a 12/26/2018 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 12/26/2018 0.00M
Annual Production: n/a n/a 12/26/2018 n/a
Cash Cost: n/a n/a 12/26/2018 n/a
Extra Operating Cost: n/a n/a 12/26/2018 n/a

Property

Last Analysis Data  (12/26/2018)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Manitoba, Canada PL 100% 2,000 Both show
PEA to produce 40,000 oz for 10 years.

Only $20 million capex. Permitted mill.
Exploration Gillam, Manitoba, Canada Fox 100% n/a n/a n/a
Exploration Flin Flon, Manitoba, Canada Mokoman 100% n/a n/a n/a
Total Land Package Size (ha): 2,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Manitoba, Canada PL 100% 2,000 Both show
PEA to produce 40,000 oz for 10 years.

Only $20 million capex. Permitted mill.
Exploration Gillam, Manitoba, Canada Fox 100% n/a n/a n/a
Exploration Flin Flon, Manitoba, Canada Mokoman 100% n/a n/a n/a
Total Land Package Size (ha): 2,000  

Profitability (by resource)

Proven &
Probable		 12/26/2018
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		 12/26/2018
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 -0.29M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.22M 0.22M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -0.21M
Maximum Profit (Gold): $10.89M $43.67M n/a $32.78M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $10.89M $43.67M n/a $32.78M
Max Profit / Current MCap: 0.525 12.715 n/a 12.190
Max Profit Per Share (Gold): $0.29 $1.15 n/a $0.86
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.29 $1.15 n/a $0.86
Total Free Profit Per Share: $0.00 $1.03 n/a $1.03
FD Mkt. Cap / Gold Eq.: $95.95 $15.90 n/a $-80.06
FD Mkt. Cap / Silver Eq.: $1.12 $0.19 n/a $-0.93
FD Mkt. Cap / Per Metal
as % Spot Price:		 7.54% 1.07% n/a -6.48%

Reserves &
Resources		 12/26/2018
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.): 0.70M 0.70M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -0.68M
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 -0.39M
Maximum Profit (Gold): $19.96M $80.06M n/a $60.10M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $19.96M $80.06M n/a $60.10M
Max Profit / Current MCap: 0.963 23.311 n/a 22.348
Max Profit Per Share (Gold): $0.53 $2.11 n/a $1.58
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.53 $2.11 n/a $1.58
Total Free Profit Per Share: $0.00 $1.99 n/a $1.99
FD Mkt. Cap / Gold Eq.: $52.34 $8.67 n/a $-43.67
FD Mkt. Cap / Silver Eq.: $0.61 $0.10 n/a $-0.51
FD Mkt. Cap / Per Metal
as % Spot Price:		 4.11% 0.58% n/a -3.53%

Future Valuation (Cash Flow & Totals)

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