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Ashanti Gold Corp

www: ashantigoldcorp.com   email: info@ashantigoldcorp.com
Category: Junior: Project Generator
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Notes
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Symbol Data

Symbol Currency
CVE:AGZ CAD
OTCMKTS:GULSF USD

Description

Ashanti Gold Corp are a junior, project generator looking for gold with three exploration properties in Ghana and Mali. They have a market capitalisation of ~C$3.85M which is a rise of roughly 10% over the last seven months. As of 02/28/2019 they have no debt and ~C$0.42M cash. They have 72M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 02/28/2019
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $3.49M $3.85M 02/28/2019 $0.36M
Total Assets: $1.21M $1.20M 02/28/2019 $-0.01M
Total Liabilities: $0.23M $0.23M 02/28/2019 $0.00M
Current Assets: $0.45M $0.44M 02/28/2019 $0.00M
Current Liabilities: $0.23M $0.23M 02/28/2019 $0.00M
Total Debt: $0.00M $0.00M 02/28/2019 $0.00M
Cash: $0.42M $0.42M 02/28/2019 $0.00M
Enterprise Value: $3.06M $3.43M 02/09/1970 $0.37M
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: 02/28/2019 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 02/28/2019 0.00%
Misc 02/28/2019
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 72,005,000 72,005,000 02/28/2019 0
Shares (FD): 101,998,000 101,998,000 02/28/2019 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 02/28/2019 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
02/28/2019 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
02/28/2019 0
Initial CapEx (Outstanding): n/a n/a 02/28/2019 n/a
Funding Option: n/a n/a 02/28/2019 n/a
Documentation: none none 02/28/2019 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 02/28/2019
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 02/28/2019 0.00M
Measured & Indicated: n/a n/a 02/28/2019 0.00M
Inferred: n/a n/a 02/28/2019 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 02/28/2019 0.00M
Measured & Indicated: n/a n/a 02/28/2019 0.00M
Inferred: n/a n/a 02/28/2019 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 02/28/2019 $0.00
Extra Operating Cost: n/a n/a 02/28/2019 $0.00
Average Grade: n/a n/a 02/28/2019 n/a
Recovery Rate: n/a n/a 02/28/2019 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 02/28/2019 0.00M
Annual Production: n/a n/a 02/28/2019 n/a
Cash Cost: n/a n/a 02/28/2019 n/a
Extra Operating Cost: n/a n/a 02/28/2019 n/a
SILVER 02/28/2019
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 02/28/2019 0.00M
Measured & Indicated: n/a n/a 02/28/2019 0.00M
Inferred: n/a n/a 02/28/2019 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 02/28/2019 0.00M
Measured & Indicated: n/a n/a 02/28/2019 0.00M
Inferred: n/a n/a 02/28/2019 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 02/28/2019 $0.00
Extra Operating Cost: n/a n/a 02/28/2019 $0.00
Average Grade: n/a n/a 02/28/2019 n/a
Recovery Rate: n/a n/a 02/28/2019 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 02/28/2019 0.00M
Annual Production: n/a n/a 02/28/2019 n/a
Cash Cost: n/a n/a 02/28/2019 n/a
Extra Operating Cost: n/a n/a 02/28/2019 n/a

Property

Last Analysis Data  (02/28/2019)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Exploration West Africa, Ghana Anumso 51% (guess) 3,000 Open Pit show
10K strike

250,000 oz at 1.5 gpt (historical)

Must spend $3 million over 2.5 years for option.

Could reach 75% ownershipby spnding additional $1.5 in exploration.
Exploration West Africa, Ghana Ashanti Belt 100% (guess) 1,000 Both show
3 properties new large 7 million oz mine

Must spend $1 million over 2 years for the option.
Exploration West Africa, Mali Kossanto East 90% (guess) 6,600 Open Pit show
250,000 oz at 1 gpt (historical)

The government of Mali has a carried 10% interest in all minerals and mining concessions in Mali, thus the
100% in the project will be a net interest of 90%.
Total Land Package Size (ha): 10,600  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Exploration West Africa, Ghana Anumso 51% (guess) 3,000 Open Pit show
10K strike

250,000 oz at 1.5 gpt (historical)

Must spend $3 million over 2.5 years for option.

Could reach 75% ownershipby spnding additional $1.5 in exploration.
Exploration West Africa, Ghana Ashanti Belt 100% (guess) 1,000 Both show
3 properties new large 7 million oz mine

Must spend $1 million over 2 years for the option.
Exploration West Africa, Mali Kossanto East 90% (guess) 6,600 Open Pit show
250,000 oz at 1 gpt (historical)

The government of Mali has a carried 10% interest in all minerals and mining concessions in Mali, thus the
100% in the project will be a net interest of 90%.
Total Land Package Size (ha): 10,600  

Profitability (by resource)

Proven &
Probable
02/28/2019
Last Analysis
Data

Current Data

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

L

A

U

S

I

B

L

E
Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD Mkt. Cap / Gold Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Silver Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Per Metal
as % Spot Price:
n/a n/a n/a 0.00%
Measured &
Indicated
02/28/2019
Last Analysis
Data

Current Data

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

L

A

U

S

I

B

L

E
Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD Mkt. Cap / Gold Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Silver Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Per Metal
as % Spot Price:
n/a n/a n/a 0.00%

Reserves &
Resources
02/28/2019
Last Analysis
Data

Current Data

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

L

A

U

S

I

B

L

E
Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD Mkt. Cap / Gold Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Silver Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Per Metal
as % Spot Price:
n/a n/a n/a 0.00%

Future Valuation (Cash Flow & Totals)

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