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Gold Road Resources Ltd

www: www.goldroad.com.au   email: perth@goldroad.com.au
Category: Mid-tier Producer
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Symbol Data

Symbol Currency
ASX:GOR AUD
OTCMKTS:ELKMF USD

Description

Gold Road Resources Ltd are a gold focused mid-tier producer with one mine in development in Australia and two exploration properties. They have approximately 4Moz. of gold in the reserves and resources category of which 3Moz. are in the measured and indicated category. They have a market capitalisation of ~A$894.24M which is a fall of roughly 2% over the last one months. As of 09/24/2020 they have ~A$18M debt and ~A$77.75M cash. They have 880M shares outstanding and trade on the Australian Stock Exchange and the over-the-counter markets.

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General Details

Financial 09/24/2020
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $913.78M $894.24M 09/24/2020 $-19.54M
Total Assets: $416.78M $420.84M 09/24/2020 $4.06M
Total Liabilities: $156.82M $158.35M 09/24/2020 $1.53M
Current Assets: $70.64M $71.33M 09/24/2020 $0.69M
Current Liabilities: $33.91M $34.24M 09/24/2020 $0.33M
Total Debt: $17.66M $17.83M 09/24/2020 $0.17M
Cash: $77.00M $77.75M 09/24/2020 $0.75M
Enterprise Value: $854.44M $834.33M 06/09/1996 $-20.12M
Cash Flow: $58.53M $61.38M never $2.85M
Cash Flow Multiple: 15.61 14.57 never -1.04
Net Debt to
Cash Flow Ratio:
n/a n/a never 0.00
Finance within 1 year: 09/24/2020 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 09/24/2020 0.00%
Misc 09/24/2020
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 879,921,000 879,921,000 09/24/2020 0
Shares (FD): 886,000,000 886,000,000 09/24/2020 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2019 09/24/2020 n/a
Production (Gold Eq Oz.): (guess) 
125,000
(guess) 
125,000
09/24/2020 0
Production (Silver Eq Oz.): (guess) 
10,060,831
(guess) 
9,673,891
09/24/2020 -386,940
Initial CapEx (Outstanding): $429.00M
46.95% of Mkt.Cap
$429.00M
47.97% of Mkt.Cap
09/24/2020 $0.00M
Funding Option: n/a n/a 09/24/2020 n/a
Documentation: none PRODUCER 09/24/2020 n/a
Value Adjustment: 25% 25% never 0%

Resource Data

GOLD 09/24/2020
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 2.00M 2.00M 09/24/2020 0.00M
Measured & Indicated: 3.00M 3.00M 09/24/2020 0.00M
Inferred: 1.00M 1.00M 09/24/2020 0.00M
Reserves & Resources: 4.00M 4.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 1.70M 1.70M 09/24/2020 0.00M
Measured & Indicated: 2.38M 2.38M 09/24/2020 0.00M
Inferred: 0.43M 0.43M 09/24/2020 0.00M
Reserves & Resources: 2.81M 2.81M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
125,000oz.
(guess) 
125,000oz.
09/24/2020 0oz.
Cash Cost: $800 $800 09/24/2020 $0.00
Extra Operating Cost: $400 $400 09/24/2020 $0.00
Average Grade: 1.30 g/t 1.30 g/t 09/24/2020 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 09/24/2020 0.00%
F
U
T
U
R
E
Proven & Probable: 3.00M 3.00M 09/24/2020 0.00M
Annual Production: 150,000oz. 150,000oz. 09/24/2020 0oz.
Cash Cost: $800 $800 09/24/2020 $0
Extra Operating Cost: $400 $400 09/24/2020 $0
SILVER 09/24/2020
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 09/24/2020 0.00M
Measured & Indicated: n/a n/a 09/24/2020 0.00M
Inferred: n/a n/a 09/24/2020 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 09/24/2020 0.00M
Measured & Indicated: n/a n/a 09/24/2020 0.00M
Inferred: n/a n/a 09/24/2020 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 09/24/2020 $0.00
Extra Operating Cost: n/a n/a 09/24/2020 $0.00
Average Grade: n/a n/a 09/24/2020 n/a
Recovery Rate: n/a n/a 09/24/2020 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 09/24/2020 0.00M
Annual Production: n/a n/a 09/24/2020 n/a
Cash Cost: n/a n/a 09/24/2020 n/a
Extra Operating Cost: n/a n/a 09/24/2020 n/a

Property

Last Analysis Data  (09/24/2020)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Western Australia, Australia Gruyere 50% (guess) 500,000 Open Pit show
5.5 million oz deposit and growing.

Feasibility study due in 2016.

$400 million capex.

Production scheduled for 2019.
Exploration Western Australia, Australia Cygnus 75% (guess) n/a n/a show
Discovery
Exploration Western Australia, Australia Yamarna 100% (guess) 600,000 n/a show
Early exploration.

Drilling aggressively.

280,000 meters planned in 2017.
Total Land Package Size (ha): 1,100,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Western Australia, Australia Gruyere 50% (guess) 500,000 Open Pit show
5.5 million oz deposit and growing.

Feasibility study due in 2016.

$400 million capex.

Production scheduled for 2019.
Exploration Western Australia, Australia Cygnus 75% (guess) n/a n/a show
Discovery
Exploration Western Australia, Australia Yamarna 100% (guess) 600,000 n/a show
Early exploration.

Drilling aggressively.

280,000 meters planned in 2017.
Total Land Package Size (ha): 1,100,000  

Profitability (by resource)

Proven &
Probable
09/24/2020
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.): 2.00M 2.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -6.19M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 1.70M 1.70M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -5.26M
Maximum Profit (Gold): $994.99M $1,043.48M n/a $48.49M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $994.99M $1,043.48M n/a $48.49M
Max Profit / Current MCap: 1.089 1.167 n/a 0.078
Max Profit Per Share (Gold): $1.12 $1.18 n/a $0.05
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.12 $1.18 n/a $0.05
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $537.52 $526.02 n/a $-11.49
FD Mkt. Cap / Silver Eq.: $6.68 $6.80 n/a $0.12
FD Mkt. Cap / Per Metal
as % Spot Price:
28.76% 27.66% n/a -1.10%
Measured &
Indicated
09/24/2020
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.): 3.00M 3.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -9.29M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 2.38M 2.38M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -7.37M
Maximum Profit (Gold): $1,392.98M $1,460.87M n/a $67.89M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,392.98M $1,460.87M n/a $67.89M
Max Profit / Current MCap: 1.524 1.634 n/a 0.109
Max Profit Per Share (Gold): $1.57 $1.65 n/a $0.08
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.57 $1.65 n/a $0.08
Total Free Profit Per Share: $0.11 $0.23 n/a $0.12
FD Mkt. Cap / Gold Eq.: $383.94 $375.73 n/a $-8.21
FD Mkt. Cap / Silver Eq.: $4.77 $4.85 n/a $0.08
FD Mkt. Cap / Per Metal
as % Spot Price:
20.54% 19.76% n/a -0.78%

Reserves &
Resources
09/24/2020
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.): 4.00M 4.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -12.38M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 2.81M 2.81M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -8.68M
Maximum Profit (Gold): $1,641.73M $1,721.74M n/a $80.01M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,641.73M $1,721.74M n/a $80.01M
Max Profit / Current MCap: 1.797 1.925 n/a 0.129
Max Profit Per Share (Gold): $1.85 $1.94 n/a $0.09
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.85 $1.94 n/a $0.09
Total Free Profit Per Share: $0.39 $0.53 n/a $0.14
FD Mkt. Cap / Gold Eq.: $325.77 $318.80 n/a $-6.97
FD Mkt. Cap / Silver Eq.: $4.05 $4.12 n/a $0.07
FD Mkt. Cap / Per Metal
as % Spot Price:
17.43% 16.77% n/a -0.67%

Future Valuation (Cash Flow & Totals)

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