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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$408.26M which is a rise of roughly 252% over the last twelve months. As of 11/24/2019 they have ~A$26M debt and ~A$19.86M cash. They have 494M 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 11/24/2019
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Mkt. Cap (FD): $116.11M $408.26M 11/24/2019 $292.14M
Total Assets: $21.74M $23.53M 11/24/2019 $1.80M
Total Liabilities: $25.13M $27.21M 11/24/2019 $2.08M
Current Assets: $21.06M $22.80M 11/24/2019 $1.74M
Current Liabilities: $1.36M $1.47M 11/24/2019 $0.11M
Total Debt: $23.77M $25.74M 11/24/2019 $1.97M
Cash: $18.34M $19.86M 11/24/2019 $1.52M
Enterprise Value: $121.55M $414.14M 02/15/1983 $292.59M
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: 11/24/2019 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 11/24/2019 0.00%
Misc 11/24/2019
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 493,940,000 493,940,000 11/24/2019 0
Shares (FD): 526,000,000 526,000,000 11/24/2019 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 11/24/2019 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 11/24/2019 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 11/24/2019 0
Initial CapEx (Outstanding): n/a n/a 11/24/2019 n/a
Funding Option: n/a n/a 11/24/2019 n/a
Documentation: none none 03/16/2020 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 11/24/2019
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 5.00M 5.00M 11/24/2019 0.00M
Measured & Indicated: 6.50M 6.50M 11/24/2019 0.00M
Inferred: 0.50M 0.50M 11/24/2019 0.00M
Reserves & Resources: 7.00M 7.00M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 4.25M 4.25M 11/24/2019 0.00M
Measured & Indicated: 5.27M 5.27M 11/24/2019 0.00M
Inferred: 0.21M 0.21M 11/24/2019 0.00M
Reserves & Resources: 5.48M 5.48M never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 11/24/2019 $0.00
Extra Operating Cost: n/a n/a 11/24/2019 $0.00
Average Grade: 1.20 g/t 1.20 g/t 11/24/2019 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 03/16/2020 0.00%
F
U
T
U
R
E		 Proven & Probable: 5.00M 5.00M 11/24/2019 0.00M
Annual Production: 300,000oz. 300,000oz. 11/24/2019 0oz.
Cash Cost: $750 $750 11/24/2019 $0
Extra Operating Cost: $400 $400 11/24/2019 $0
SILVER 11/24/2019
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 11/24/2019 0.00M
Measured & Indicated: n/a n/a 11/24/2019 0.00M
Inferred: n/a n/a 11/24/2019 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 11/24/2019 0.00M
Measured & Indicated: n/a n/a 11/24/2019 0.00M
Inferred: n/a n/a 11/24/2019 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 11/24/2019 $0.00
Extra Operating Cost: n/a n/a 11/24/2019 $0.00
Average Grade: n/a n/a 11/24/2019 n/a
Recovery Rate: n/a n/a 11/24/2019 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 11/24/2019 0.00M
Annual Production: n/a n/a 11/24/2019 n/a
Cash Cost: n/a n/a 11/24/2019 n/a
Extra Operating Cost: n/a n/a 11/24/2019 n/a

Property

Last Analysis Data  (11/24/2019)
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		 11/24/2019
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.): 5.00M 5.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -42.19M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 4.25M 4.25M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -35.86M
Maximum Profit (Gold): $925.52M $1,963.20M n/a $1,037.68M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $925.52M $1,963.20M n/a $1,037.68M
Max Profit / Current MCap: 7.971 4.809 n/a -3.162
Max Profit Per Share (Gold): $1.76 $3.73 n/a $1.97
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.76 $3.73 n/a $1.97
Total Free Profit Per Share: $1.43 $2.72 n/a $1.29
FD Mkt. Cap / Gold Eq.: $27.32 $96.06 n/a $68.74
FD Mkt. Cap / Silver Eq.: $0.32 $1.24 n/a $0.92
FD Mkt. Cap / Per Metal
as % Spot Price:		 1.87% 5.31% n/a 3.44%
Measured &
Indicated		 11/24/2019
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.): 6.50M 6.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -54.85M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 5.27M 5.27M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -44.47M
Maximum Profit (Gold): $1,147.65M $2,434.37M n/a $1,286.72M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,147.65M $2,434.37M n/a $1,286.72M
Max Profit / Current MCap: 9.884 5.963 n/a -3.921
Max Profit Per Share (Gold): $2.18 $4.63 n/a $2.45
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.18 $4.63 n/a $2.45
Total Free Profit Per Share: $1.86 $3.62 n/a $1.76
FD Mkt. Cap / Gold Eq.: $22.03 $77.47 n/a $55.44
FD Mkt. Cap / Silver Eq.: $0.26 $1.00 n/a $0.74
FD Mkt. Cap / Per Metal
as % Spot Price:		 1.51% 4.28% n/a 2.77%

Reserves &
Resources		 11/24/2019
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.): 7.00M 7.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -59.07M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 5.48M 5.48M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -46.26M
Maximum Profit (Gold): $1,193.92M $2,532.53M n/a $1,338.61M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,193.92M $2,532.53M n/a $1,338.61M
Max Profit / Current MCap: 10.282 6.203 n/a -4.079
Max Profit Per Share (Gold): $2.27 $4.81 n/a $2.54
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.27 $4.81 n/a $2.54
Total Free Profit Per Share: $1.94 $3.80 n/a $1.86
FD Mkt. Cap / Gold Eq.: $21.18 $74.47 n/a $53.29
FD Mkt. Cap / Silver Eq.: $0.25 $0.96 n/a $0.71
FD Mkt. Cap / Per Metal
as % Spot Price:		 1.45% 4.11% n/a 2.66%

Future Valuation (Cash Flow & Totals)

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