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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$31.26M which is a fall of roughly 29% over the last one months. As of 08/10/2019 they have ~A$13M debt and ~A$1.7M 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 $31.26M 08/10/2019 $-12.69M
Total Assets: $122.64M $122.10M 08/10/2019 $-0.53M
Total Liabilities: $56.55M $56.30M 08/10/2019 $-0.24M
Current Assets: $16.35M $16.28M 08/10/2019 $-0.07M
Current Liabilities: $36.11M $35.95M 08/10/2019 $-0.16M
Total Debt: $12.94M $12.89M 08/10/2019 $-0.06M
Cash: $1.70M $1.70M 08/10/2019 $-0.01M
Enterprise Value: $55.19M $42.45M 05/07/1971 $-12.74M
Cash Flow: $9.61M $10.92M never $1.31M
Cash Flow Multiple: 4.57 2.86 never -1.71
Net Debt to
Cash Flow Ratio:
1.17 1.02 never -0.14
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) 
5,725,188
08/10/2019 -461,109
Initial CapEx (Outstanding): $100.00M
227.52% of Mkt.Cap
$100.00M
319.91% 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 -9.88M
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 -8.89M
Maximum Profit (Gold): $139.06M $157.98M n/a $18.92M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $139.06M $157.98M n/a $18.92M
Max Profit / Current MCap: 3.164 5.054 n/a 1.890
Max Profit Per Share (Gold): $0.03 $0.03 n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.03 $0.03 n/a $0.00
Total Free Profit Per Share: $0.02 $0.02 n/a $0.01
FD Mkt. Cap / Gold Eq.: $32.56 $23.15 n/a $-9.40
FD Mkt. Cap / Silver Eq.: $0.37 $0.28 n/a $-0.09
FD Mkt. Cap / Per Metal
as % Spot Price:
2.18% 1.52% n/a -0.66%
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 -19.76M
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 -16.01M
Maximum Profit (Gold): $250.30M $284.36M n/a $34.06M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $250.30M $284.36M n/a $34.06M
Max Profit / Current MCap: 5.695 9.097 n/a 3.402
Max Profit Per Share (Gold): $0.05 $0.06 n/a $0.01
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.05 $0.06 n/a $0.01
Total Free Profit Per Share: $0.04 $0.05 n/a $0.01
FD Mkt. Cap / Gold Eq.: $18.09 $12.86 n/a $-5.22
FD Mkt. Cap / Silver Eq.: $0.20 $0.16 n/a $-0.05
FD Mkt. Cap / Per Metal
as % Spot Price:
1.21% 0.84% n/a -0.36%

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 -39.52M
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 -24.90M
Maximum Profit (Gold): $389.36M $442.35M n/a $52.99M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $389.36M $442.35M n/a $52.99M
Max Profit / Current MCap: 8.859 14.151 n/a 5.292
Max Profit Per Share (Gold): $0.08 $0.10 n/a $0.01
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.08 $0.10 n/a $0.01
Total Free Profit Per Share: $0.07 $0.09 n/a $0.02
FD Mkt. Cap / Gold Eq.: $11.63 $8.27 n/a $-3.36
FD Mkt. Cap / Silver Eq.: $0.13 $0.10 n/a $-0.03
FD Mkt. Cap / Per Metal
as % Spot Price:
0.78% 0.54% n/a -0.23%

Future Valuation (Cash Flow & Totals)

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