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Independence Group NL

www: www.igo.com.au   email: contact@igo.com.au
Category: Emerging Major
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Symbol Data

Symbol Currency
ASX:IGO AUD
OTCMKTS:IPGDF USD

Description

Independence Group NL are a gold focused emerging major with one producing mine in Australia and three exploration properties. Currently they produce roughly 150koz. of gold per year. They have approximately 3Moz. of gold in the reserves and resources category of which 2Moz. are in the measured and indicated category. They have a market capitalisation of ~A$1579.16M which is a fall of roughly 39% over the last six months. As of 09/21/2019 they have ~A$52M debt and ~A$212.87M cash. They have 591M shares outstanding and trade on the Australian Stock Exchange and the over-the-counter markets.

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General Details

Financial 09/21/2019
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $2,571.18M $1,579.16M 09/21/2019 $-992.03M
Total Assets: $1,347.44M $1,219.37M 09/21/2019 $-128.07M
Total Liabilities: $122.37M $110.74M 09/21/2019 $-11.63M
Current Assets: $293.69M $265.78M 09/21/2019 $-27.91M
Current Liabilities: $54.39M $49.22M 09/21/2019 $-5.17M
Total Debt: $57.11M $51.68M 09/21/2019 $-5.43M
Cash: $235.22M $212.87M 09/21/2019 $-22.36M
Enterprise Value: $2,393.07M $1,417.97M 12/07/2014 $-975.10M
Cash Flow: $117.19M $124.14M never $6.95M
Cash Flow Multiple: 21.94 12.72 never -9.22
Net Debt to
Cash Flow Ratio:
n/a n/a never 0.00
Finance within 1 year: 09/21/2019 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 09/21/2019 0.00%
Misc 09/21/2019
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 590,797,000 590,797,000 09/21/2019 0
Shares (FD): 592,797,000 592,797,000 09/21/2019 0
Insider Ownership: n/a 38% 09/21/2019 38%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 09/21/2019 n/a
Production (Gold Eq Oz.): (guess) 
150,000
(guess) 
150,000
09/21/2019 0
Production (Silver Eq Oz.): (guess) 
12,641,190
(guess) 
17,013,978
09/21/2019 4,372,789
Initial CapEx (Outstanding): n/a n/a 09/21/2019 n/a
Funding Option: n/a n/a 09/21/2019 n/a
Documentation: none PRODUCER 09/21/2019 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 09/21/2019
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 09/21/2019 0.00M
Measured & Indicated: 2.00M 2.00M 09/21/2019 0.00M
Inferred: 1.00M 1.00M 09/21/2019 0.00M
Reserves & Resources: 3.00M 3.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 09/21/2019 0.00M
Measured & Indicated: 1.44M 1.44M 09/21/2019 0.00M
Inferred: 0.45M 0.45M 09/21/2019 0.00M
Reserves & Resources: 1.89M 1.89M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
150,000oz.
(guess) 
150,000oz.
09/21/2019 0oz.
Cash Cost: $200 $200 09/21/2019 $0.00
Extra Operating Cost: $200 $200 09/21/2019 $0.00
Average Grade: 2.00 g/t 2.00 g/t 09/21/2019 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 09/21/2019 0.00%
F
U
T
U
R
E
Proven & Probable: 3.00M 3.00M 09/21/2019 0.00M
Annual Production: 175,000oz. 175,000oz. 09/21/2019 0oz.
Cash Cost: $300 $300 09/21/2019 $0
Extra Operating Cost: $300 $300 09/21/2019 $0
SILVER 09/21/2019
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 09/21/2019 0.00M
Measured & Indicated: n/a n/a 09/21/2019 0.00M
Inferred: n/a n/a 09/21/2019 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 09/21/2019 0.00M
Measured & Indicated: n/a n/a 09/21/2019 0.00M
Inferred: n/a n/a 09/21/2019 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 09/21/2019 $0.00
Extra Operating Cost: n/a n/a 09/21/2019 $0.00
Average Grade: n/a n/a 09/21/2019 n/a
Recovery Rate: n/a n/a 09/21/2019 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 09/21/2019 0.00M
Annual Production: n/a n/a 09/21/2019 n/a
Cash Cost: n/a n/a 09/21/2019 n/a
Extra Operating Cost: n/a n/a 09/21/2019 n/a

Property

Last Analysis Data  (09/21/2019)
Stage Location Name Owned Type Au Ag Cu Notes
Production Western Australia, Australia Tropicana 30% (guess) Open Pit show
They receive 30% of production.
Exploration Western Australia, Australia Empress Springs 100% (guess) n/a show
Exploration
Exploration Western Australia, Australia Jaguar 100% (guess) n/a n/a
Exploration Western Australia, Australia Lake Mackay 70% (guess) n/a show
Exploration.
Current Data
Stage Location Name Owned Type Au Ag Cu Notes
Production Western Australia, Australia Tropicana 30% (guess) Open Pit show
They receive 30% of production.
Exploration Western Australia, Australia Empress Springs 100% (guess) n/a show
Exploration
Exploration Western Australia, Australia Jaguar 100% (guess) n/a n/a
Exploration Western Australia, Australia Lake Mackay 70% (guess) n/a show
Exploration.

Profitability (by resource)

Proven &
Probable
09/21/2019
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
09/21/2019
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.): 2.00M 2.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 58.30M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 1.44M 1.44M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 41.98M
Maximum Profit (Gold): $1,125.03M $1,191.76M n/a $66.73M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,125.03M $1,191.76M n/a $66.73M
Max Profit / Current MCap: 0.438 0.755 n/a 0.317
Max Profit Per Share (Gold): $1.90 $2.01 n/a $0.11
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.90 $2.01 n/a $0.11
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $1,785.54 $1,096.64 n/a $-688.91
FD Mkt. Cap / Silver Eq.: $21.19 $9.67 n/a $-11.52
FD Mkt. Cap / Per Metal
as % Spot Price:
117.77% 69.31% n/a -48.47%

Reserves &
Resources
09/21/2019
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.): 3.00M 3.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 87.46M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 1.89M 1.89M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 55.10M
Maximum Profit (Gold): $1,476.60M $1,564.18M n/a $87.58M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,476.60M $1,564.18M n/a $87.58M
Max Profit / Current MCap: 0.574 0.991 n/a 0.416
Max Profit Per Share (Gold): $2.49 $2.64 n/a $0.15
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.49 $2.64 n/a $0.15
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $1,360.41 $835.53 n/a $-524.88
FD Mkt. Cap / Silver Eq.: $16.14 $7.37 n/a $-8.78
FD Mkt. Cap / Per Metal
as % Spot Price:
89.73% 52.80% n/a -36.93%

Future Valuation (Cash Flow & Totals)

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