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Cardinal Resources Ltd

www: cardinalresources.com.au   email: info@cardinalresources.com.au
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
ASX:CDV AUD
TSE:CDV CAD
OTCMKTS:CRDNF USD

Description

Cardinal Resources Ltd are a gold focused junior, late stage development company with three exploration properties in Ghana. They have approximately 7Moz. of gold in the reserves and resources category of which 6.5Moz. are in the measured and indicated category. They have a market capitalisation of ~A$121.86M which is a fall of roughly 24% over the last twelve months. As of 12/02/2018 they have ~A$22M debt and ~A$13.67M cash. They have 380M shares outstanding and trade on the Australian Stock Exchange, the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 12/02/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $159.44M $121.86M 12/02/2018 $-37.58M
Total Assets: $18.73M $17.09M 12/02/2018 $-1.64M
Total Liabilities: $26.97M $24.61M 12/02/2018 $-2.36M
Current Assets: $14.98M $13.67M 12/02/2018 $-1.31M
Current Liabilities: $3.00M $2.73M 12/02/2018 $-0.26M
Total Debt: $23.98M $21.88M 12/02/2018 $-2.10M
Cash: $14.98M $13.67M 12/02/2018 $-1.31M
Enterprise Value: $168.43M $130.06M 02/14/1974 $-38.37M
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: 12/02/2018 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 12/02/2018 0.00%
Misc 12/02/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 380,000,000 380,000,000 12/02/2018 0
Shares (FD): 532,000,000 532,000,000 12/02/2018 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 12/02/2018 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
12/02/2018 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
12/02/2018 0
Initial CapEx (Outstanding): n/a n/a 12/02/2018 n/a
Funding Option: n/a n/a 12/02/2018 n/a
Documentation: none none 10/28/2019 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 12/02/2018
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 5.00M 10/28/2019 5.00M
Measured & Indicated: 6.50M 6.50M 12/02/2018 0.00M
Inferred: 0.50M 0.50M 12/02/2018 0.00M
Reserves & Resources: 7.00M 7.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a 4.25M 10/28/2019 4.25M
Measured & Indicated: 4.42M 5.27M 12/02/2018 0.85M
Inferred: 0.21M 0.21M 12/02/2018 0.00M
Reserves & Resources: 4.63M 5.48M never 0.85M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 12/02/2018 $0.00
Extra Operating Cost: n/a n/a 12/02/2018 $0.00
Average Grade: 1.20 g/t 1.20 g/t 12/02/2018 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 10/28/2019 0.00%
F
U
T
U
R
E
Proven & Probable: 5.00M 5.00M 12/02/2018 0.00M
Annual Production: 300,000oz. 300,000oz. 12/02/2018 0oz.
Cash Cost: $650 $650 12/02/2018 $0
Extra Operating Cost: $400 $400 12/02/2018 $0
SILVER 12/02/2018
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 12/02/2018 0.00M
Measured & Indicated: n/a n/a 12/02/2018 0.00M
Inferred: n/a n/a 12/02/2018 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 12/02/2018 0.00M
Measured & Indicated: n/a n/a 12/02/2018 0.00M
Inferred: n/a n/a 12/02/2018 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 12/02/2018 $0.00
Extra Operating Cost: n/a n/a 12/02/2018 $0.00
Average Grade: n/a n/a 12/02/2018 n/a
Recovery Rate: n/a n/a 12/02/2018 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 12/02/2018 0.00M
Annual Production: n/a n/a 12/02/2018 n/a
Cash Cost: n/a n/a 12/02/2018 n/a
Extra Operating Cost: n/a n/a 12/02/2018 n/a

Property

Last Analysis Data  (12/02/2018)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Exploration West Africa, Ghana Bolgatanga 100% (guess) 66,000 Underground show
Early exploration.
Exploration West Africa, Ghana Namdini 100% (guess) n/a Open Pit show
7 million oz open pit project at 1.2 gpt.
Exploration West Africa, Ghana Subranum 100% (guess) n/a Open Pit show
Early exploration
Total Land Package Size (ha): 66,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Exploration West Africa, Ghana Bolgatanga 100% (guess) 66,000 Underground show
Early exploration.
Exploration West Africa, Ghana Namdini 100% (guess) n/a Open Pit show
7 million oz open pit project at 1.2 gpt.
Exploration West Africa, Ghana Subranum 100% (guess) n/a Open Pit show
Early exploration
Total Land Package Size (ha): 66,000  

Profitability (by resource)

Proven &
Probable
12/02/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: n/a 100.00% n/a 100.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a 5.00M n/a 5.00M
Total (Silver Eq. Oz.): n/a n/a n/a 432.73M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: n/a 4.25M n/a 4.25M
Silver Eq. Oz.: n/a n/a n/a 367.82M
Maximum Profit (Gold): n/a $1,237.90M n/a $1,237.90M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a $1,237.90M n/a $1,237.90M
Max Profit / Current MCap: n/a 10.159 n/a 10.159
Max Profit Per Share (Gold): n/a $2.33 n/a $2.33
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a $2.33 n/a $2.33
Total Free Profit Per Share: n/a $1.99 n/a $1.99
FD Mkt. Cap / Gold Eq.: n/a $28.67 n/a $28.67
FD Mkt. Cap / Silver Eq.: n/a $0.33 n/a $0.33
FD Mkt. Cap / Per Metal
as % Spot Price:
n/a 1.96% n/a 1.96%
Measured &
Indicated
12/02/2018
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.): 6.50M 6.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 1.16M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 4.42M 5.27M n/a 0.85M
Silver Eq. Oz.: n/a n/a n/a 74.36M
Maximum Profit (Gold): $532.48M $1,534.99M n/a $1,002.52M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $532.48M $1,534.99M n/a $1,002.52M
Max Profit / Current MCap: 3.340 12.597 n/a 9.257
Max Profit Per Share (Gold): $1.00 $2.89 n/a $1.88
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.00 $2.89 n/a $1.88
Total Free Profit Per Share: $0.60 $2.55 n/a $1.95
FD Mkt. Cap / Gold Eq.: $36.07 $23.12 n/a $-12.95
FD Mkt. Cap / Silver Eq.: $0.42 $0.27 n/a $-0.15
FD Mkt. Cap / Per Metal
as % Spot Price:
2.95% 1.58% n/a -1.37%

Reserves &
Resources
12/02/2018
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.): 7.00M 7.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 1.25M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 4.63M 5.48M n/a 0.85M
Silver Eq. Oz.: n/a n/a n/a 74.39M
Maximum Profit (Gold): $558.08M $1,596.89M n/a $1,038.81M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $558.08M $1,596.89M n/a $1,038.81M
Max Profit / Current MCap: 3.500 13.105 n/a 9.604
Max Profit Per Share (Gold): $1.05 $3.00 n/a $1.95
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.05 $3.00 n/a $1.95
Total Free Profit Per Share: $0.65 $2.67 n/a $2.02
FD Mkt. Cap / Gold Eq.: $34.42 $22.23 n/a $-12.19
FD Mkt. Cap / Silver Eq.: $0.40 $0.26 n/a $-0.14
FD Mkt. Cap / Per Metal
as % Spot Price:
2.82% 1.52% n/a -1.30%

Future Valuation (Cash Flow & Totals)

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