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Blackham Resources Ltd

www: blackhamresources.com.au   email: jim@blackhamresources.com.au
Category: Junior: Emerging Mid-tier Producer
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Symbol Data

Symbol Currency
ASX:BLK AUD
OTCMKTS:BKHRF USD

Description

Blackham Resources Ltd are a gold focused junior, emerging mid-tier producer with two mines in development in Australia. They have approximately 6Moz. 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$34.71M which is a fall of roughly 21% over the last six months. As of 08/10/2019 they have ~A$13M debt and ~A$1.71M cash. They have 3,768M shares outstanding and trade on the Australian Stock Exchange and the over-the-counter markets.

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General Details

Financial 08/10/2019
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $43.95M $34.71M 08/10/2019 $-9.24M
Total Assets: $122.64M $123.28M 08/10/2019 $0.64M
Total Liabilities: $56.55M $56.84M 08/10/2019 $0.30M
Current Assets: $16.35M $16.44M 08/10/2019 $0.09M
Current Liabilities: $36.11M $36.30M 08/10/2019 $0.19M
Total Debt: $12.94M $13.01M 08/10/2019 $0.07M
Cash: $1.70M $1.71M 08/10/2019 $0.01M
Enterprise Value: $55.19M $46.02M 06/17/1971 $-9.18M
Cash Flow: $9.61M $13.29M never $3.68M
Cash Flow Multiple: 4.57 2.61 never -1.96
Net Debt to
Cash Flow Ratio:
1.17 0.85 never -0.32
Finance within 1 year: 08/10/2019 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 08/10/2019 0.00%
Misc 08/10/2019
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 3,768,000,000 3,768,000,000 08/10/2019 0
Shares (FD): 4,608,000,000 4,608,000,000 08/10/2019 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 08/01/2016 08/10/2019 n/a
Production (Gold Eq Oz.): (guess) 
70,000
(guess) 
70,000
08/10/2019 0
Production (Silver Eq Oz.): (guess) 
6,186,297
(guess) 
6,076,851
08/10/2019 -109,446
Initial CapEx (Outstanding): $100.00M
227.52% of Mkt.Cap
$100.00M
288.06% of Mkt.Cap
08/10/2019 $0.00M
Funding Option: n/a n/a 08/10/2019 n/a
Documentation: none PRODUCER 08/10/2019 n/a
Value Adjustment: -25% -25% never 0%

Resource Data

GOLD 08/10/2019
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 1.50M 1.50M 08/10/2019 0.00M
Measured & Indicated: 3.00M 3.00M 08/10/2019 0.00M
Inferred: 3.00M 3.00M 08/10/2019 0.00M
Reserves & Resources: 6.00M 6.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 1.35M 1.35M 08/10/2019 0.00M
Measured & Indicated: 2.43M 2.43M 08/10/2019 0.00M
Inferred: 1.35M 1.35M 08/10/2019 0.00M
Reserves & Resources: 3.78M 3.78M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
70,000oz.
(guess) 
70,000oz.
08/10/2019 0oz.
Cash Cost: $850 $850 08/10/2019 $0.00
Extra Operating Cost: $450 $450 08/10/2019 $0.00
Average Grade: 3.00 g/t 3.00 g/t 08/10/2019 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 08/10/2019 0.00%
F
U
T
U
R
E
Proven & Probable: 5.00M 5.00M 08/10/2019 0.00M
Annual Production: 200,000oz. 200,000oz. 08/10/2019 0oz.
Cash Cost: $800 $800 08/10/2019 $0
Extra Operating Cost: $400 $400 08/10/2019 $0
SILVER 08/10/2019
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 08/10/2019 0.00M
Measured & Indicated: n/a n/a 08/10/2019 0.00M
Inferred: n/a n/a 08/10/2019 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 08/10/2019 0.00M
Measured & Indicated: n/a n/a 08/10/2019 0.00M
Inferred: n/a n/a 08/10/2019 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 08/10/2019 $0.00
Extra Operating Cost: n/a n/a 08/10/2019 $0.00
Average Grade: n/a n/a 08/10/2019 n/a
Recovery Rate: n/a n/a 08/10/2019 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 08/10/2019 0.00M
Annual Production: n/a n/a 08/10/2019 n/a
Cash Cost: n/a n/a 08/10/2019 n/a
Extra Operating Cost: n/a n/a 08/10/2019 n/a

Property

Last Analysis Data  (08/10/2019)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Western Australia, Australia Matilda 100% (guess) 78,000 Both show
Production scheduled for 2016.

60,000 to 80,000 year.
Development Western Australia, Australia Wiluna 100% (guess) n/a Both show
5 million oz deposit.

Open pit and underground

Production in 2019.
Total Land Package Size (ha): 78,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Western Australia, Australia Matilda 100% (guess) 78,000 Both show
Production scheduled for 2016.

60,000 to 80,000 year.
Development Western Australia, Australia Wiluna 100% (guess) n/a Both show
5 million oz deposit.

Open pit and underground

Production in 2019.
Total Land Package Size (ha): 78,000  

Profitability (by resource)

Proven &
Probable
08/10/2019
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.): 1.50M 1.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -2.35M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 1.35M 1.35M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -2.11M
Maximum Profit (Gold): $139.06M $192.28M n/a $53.23M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $139.06M $192.28M n/a $53.23M
Max Profit / Current MCap: 3.164 5.539 n/a 2.375
Max Profit Per Share (Gold): $0.03 $0.04 n/a $0.01
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.03 $0.04 n/a $0.01
Total Free Profit Per Share: $0.02 $0.03 n/a $0.01
FD Mkt. Cap / Gold Eq.: $32.56 $25.71 n/a $-6.84
FD Mkt. Cap / Silver Eq.: $0.37 $0.30 n/a $-0.07
FD Mkt. Cap / Per Metal
as % Spot Price:
2.18% 1.64% n/a -0.54%
Measured &
Indicated
08/10/2019
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 -4.69M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 2.43M 2.43M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -3.80M
Maximum Profit (Gold): $250.30M $346.11M n/a $95.81M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $250.30M $346.11M n/a $95.81M
Max Profit / Current MCap: 5.695 9.970 n/a 4.275
Max Profit Per Share (Gold): $0.05 $0.08 n/a $0.02
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.05 $0.08 n/a $0.02
Total Free Profit Per Share: $0.04 $0.06 n/a $0.02
FD Mkt. Cap / Gold Eq.: $18.09 $14.29 n/a $-3.80
FD Mkt. Cap / Silver Eq.: $0.20 $0.16 n/a $-0.04
FD Mkt. Cap / Per Metal
as % Spot Price:
1.21% 0.91% n/a -0.30%

Reserves &
Resources
08/10/2019
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.): 6.00M 6.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -9.38M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 3.78M 3.78M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -5.91M
Maximum Profit (Gold): $389.36M $538.39M n/a $149.04M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $389.36M $538.39M n/a $149.04M
Max Profit / Current MCap: 8.859 15.509 n/a 6.650
Max Profit Per Share (Gold): $0.08 $0.12 n/a $0.03
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.08 $0.12 n/a $0.03
Total Free Profit Per Share: $0.07 $0.11 n/a $0.04
FD Mkt. Cap / Gold Eq.: $11.63 $9.18 n/a $-2.44
FD Mkt. Cap / Silver Eq.: $0.13 $0.11 n/a $-0.03
FD Mkt. Cap / Per Metal
as % Spot Price:
0.78% 0.58% n/a -0.19%

Future Valuation (Cash Flow & Totals)

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