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Category: Junior: Emerging Mid-tier Producer
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Blackham Resources Ltd
www: blackhamresources.com.au     email: admin@blackhamresources.com.au

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Notes
Forum
Your Data

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$10.1M which is a fall of roughly 83% over the last six months. As of 11/14/2018 they have ~A$19M debt and ~A$6.22M cash. They have 1,342M shares outstanding and trade on the Australian Stock Exchange and the over-the-counter markets.

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General Details

Financial 11/14/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $59.23M $10.10M 02/03/2019 $-49.12M
Total Assets: $32.97M $30.39M 11/14/2018 $-2.58M
Total Liabilities: $19.48M $17.96M 11/14/2018 $-1.52M
Current Assets: $14.98M $13.81M 11/14/2018 $-1.17M
Current Liabilities: $0.97M $0.90M 11/14/2018 $-0.08M
Total Debt: $20.23M $18.65M 11/14/2018 $-1.58M
Cash: $6.74M $6.22M 11/14/2018 $-0.53M
Enterprise Value: $72.71M $22.54M 09/18/1970 $-50.18M
Cash Flow: $0.10M $3.55M never $3.45M
Cash Flow Multiple: 613.10 2.85 never -610.25
Net Debt to
Cash Flow Ratio:
139.61 3.50 never -136.11
Finance within 1 year: 11/14/2018 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 11/14/2018 0.00%
Misc 11/14/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 1,340,000,000 1,342,000,000 02/03/2019 2,000,000
Shares (FD): 1,928,000,000 1,463,000,000 02/03/2019 -465,000,000
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 11/14/2018 n/a
Production (Gold Eq Oz.): (guess) 
60,000
(guess) 
60,000
11/14/2018 0
Production (Silver Eq Oz.): (guess) 
5,156,397
(guess) 
5,304,198
11/14/2018 147,801
Initial CapEx (Outstanding): $100.00M
168.85% of Mkt.Cap
$100.00M
989.71% of Mkt.Cap
11/14/2018 $0.00M
Funding Option: n/a n/a 11/14/2018 n/a
Documentation: none PRODUCER 03/30/2019 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 11/14/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 1.20M 1.20M 11/14/2018 0.00M
Measured & Indicated: 3.00M 3.00M 11/14/2018 0.00M
Inferred: 3.00M 3.00M 11/14/2018 0.00M
Reserves & Resources: 6.00M 6.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 1.08M 1.08M 11/14/2018 0.00M
Measured & Indicated: 2.38M 2.38M 11/14/2018 0.00M
Inferred: 1.35M 1.35M 11/14/2018 0.00M
Reserves & Resources: 3.73M 3.73M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
60,000oz.
(guess) 
60,000oz.
11/14/2018 0oz.
Cash Cost: $800 $800 11/14/2018 $0.00
Extra Operating Cost: $400 $400 11/14/2018 $0.00
Average Grade: 3.00 g/t 3.00 g/t 11/14/2018 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 03/30/2019 0.00%
F
U
T
U
R
E
Proven & Probable: 5.00M 5.00M 11/14/2018 0.00M
Annual Production: 200,000oz. 200,000oz. 11/14/2018 0oz.
Cash Cost: $750 $750 11/14/2018 $0
Extra Operating Cost: $400 $400 11/14/2018 $0
SILVER 11/14/2018
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 11/14/2018 0.00M
Measured & Indicated: n/a n/a 11/14/2018 0.00M
Inferred: n/a n/a 11/14/2018 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 11/14/2018 0.00M
Measured & Indicated: n/a n/a 11/14/2018 0.00M
Inferred: n/a n/a 11/14/2018 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 11/14/2018 $0.00
Extra Operating Cost: n/a n/a 11/14/2018 $0.00
Average Grade: n/a n/a 11/14/2018 n/a
Recovery Rate: n/a n/a 11/14/2018 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 11/14/2018 0.00M
Annual Production: n/a n/a 11/14/2018 n/a
Cash Cost: n/a n/a 11/14/2018 n/a
Extra Operating Cost: n/a n/a 11/14/2018 n/a

Property

Last Analysis Data  (11/14/2018)
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
11/14/2018
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.): 1.20M 1.20M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 2.96M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 1.08M 1.08M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 2.66M
Maximum Profit (Gold): $1.74M $63.88M n/a $62.14M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1.74M $63.88M n/a $62.14M
Max Profit / Current MCap: 0.029 6.322 n/a 6.293
Max Profit Per Share (Gold): $0.00 $0.04 n/a $0.04
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.00 $0.04 n/a $0.04
Total Free Profit Per Share: $0.00 $0.03 n/a $0.03
FD Mkt. Cap / Gold Eq.: $54.84 $9.36 n/a $-45.48
FD Mkt. Cap / Silver Eq.: $0.64 $0.11 n/a $-0.53
FD Mkt. Cap / Per Metal
as % Spot Price:
4.56% 0.73% n/a -3.83%
Measured &
Indicated
11/14/2018
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.): 3.00M 3.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 7.39M
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 5.85M
Maximum Profit (Gold): $3.83M $140.54M n/a $136.72M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $3.83M $140.54M n/a $136.72M
Max Profit / Current MCap: 0.065 13.909 n/a 13.845
Max Profit Per Share (Gold): $0.00 $0.10 n/a $0.09
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.00 $0.10 n/a $0.09
Total Free Profit Per Share: $0.00 $0.09 n/a $0.09
FD Mkt. Cap / Gold Eq.: $24.93 $4.25 n/a $-20.67
FD Mkt. Cap / Silver Eq.: $0.29 $0.05 n/a $-0.24
FD Mkt. Cap / Per Metal
as % Spot Price:
2.07% 0.33% n/a -1.74%

Reserves &
Resources
11/14/2018
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.): 6.00M 6.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 14.78M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 3.73M 3.73M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 9.18M
Maximum Profit (Gold): $6.00M $220.39M n/a $214.39M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $6.00M $220.39M n/a $214.39M
Max Profit / Current MCap: 0.101 21.812 n/a 21.711
Max Profit Per Share (Gold): $0.00 $0.15 n/a $0.15
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.00 $0.15 n/a $0.15
Total Free Profit Per Share: $0.00 $0.14 n/a $0.14
FD Mkt. Cap / Gold Eq.: $15.90 $2.71 n/a $-13.18
FD Mkt. Cap / Silver Eq.: $0.18 $0.03 n/a $-0.15
FD Mkt. Cap / Per Metal
as % Spot Price:
1.32% 0.21% n/a -1.11%

Future Valuation (Cash Flow & Totals)

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