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Symbol Data
Symbol
Currency
CVE:VLC
CAD
OTCMKTS:VLCJF
USD
Description
Velocity Minerals Ltd are a gold focused junior, late stage development company with one mine in development in Bulgaria and three exploration properties. They have approximately 0.75Moz. of gold in the reserves and resources category of which 0.5Moz. are in the measured and indicated category. They have a market capitalisation of ~C$36.86M which is a fall of roughly 38% over the last nine months. As of 09/12/2021 they have ~C$3M debt and ~C$5.49M cash. They have 158M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.
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General Details
Financial
09/12/2021 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Mkt. Cap (FD):
$59.72M
$36.86M
09/12/2021
$-22.86M
Total Assets:
$15.85M
$15.69M
09/12/2021
$-0.16M
Total Liabilities:
$3.96M
$3.92M
09/12/2021
$-0.04M
Current Assets:
$5.55M
$5.49M
09/12/2021
$-0.06M
Current Liabilities:
$0.79M
$0.78M
09/12/2021
$-0.01M
Total Debt:
$3.17M
$3.14M
09/12/2021
$-0.03M
Cash:
$5.55M
$5.49M
09/12/2021
$-0.06M
Enterprise Value:
$57.34M
$34.51M
02/04/1971
$-22.83M
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:
Yes
Yes
09/12/2021
n/a
Tax Rate:
(guess) 15.00%
(guess) 15.00%
09/12/2021
0.00%
Misc
09/12/2021 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Shares Outstanding:
158,205,000
158,205,000
09/12/2021
0
Shares (FD):
177,332,000
177,332,000
09/12/2021
0
Insider Ownership:
n/a
55%
09/12/2021
55%
Company Type:
Mostly Gold
Mostly Gold
never
n/a
Production ETA:
n/a
10/01/2025
09/12/2021
n/a
Production (Gold Eq Oz.):
(guess) 0
(guess) 0
09/12/2021
0
Production (Silver Eq Oz.) :
(guess) 0
(guess) 0
09/12/2021
0
Initial CapEx (Outstanding):
$65.00M108.85% of Mkt.Cap
$65.00M176.34% of Mkt.Cap
09/12/2021
$0.00M
Funding Option:
n/a
n/a
09/12/2021
n/a
Documentation:
none
PFS
09/12/2021
n/a
Value Adjustment:
-25%
-25%
never
0%
Resource Data
GOLD
09/12/2021 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
O U N C E S
T O T A L
Proven & Probable:
0.45M
0.45M
09/12/2021
0.00M
Measured & Indicated:
0.50M
0.50M
09/12/2021
0.00M
Inferred:
0.25M
0.25M
09/12/2021
0.00M
Reserves & Resources:
0.75M
0.75M
never
0.00M
P L A U S I B L E
Proven & Probable:
0.36M
0.36M
09/12/2021
0.00M
Measured & Indicated:
0.39M
0.39M
09/12/2021
0.00M
Inferred:
0.10M
0.10M
09/12/2021
0.00M
Reserves & Resources:
0.49M
0.49M
never
0.00M
C U R R E N T
Annual Production:
n/a
n/a
0oz.
Cash Cost:
n/a
n/a
09/12/2021
$0.00
Extra Operating Cost:
n/a
n/a
09/12/2021
$0.00
Average Grade:
0.60 g/t
0.60 g/t
09/12/2021
n/a
Recovery Rate:
(CG) 80.00%
(CG) 80.00%
09/12/2021
0.00%
F U T U R E
Proven & Probable:
0.80M
0.80M
09/12/2021
0.00M
Annual Production:
60,000oz.
60,000oz.
09/12/2021
0oz.
Cash Cost:
$700
$700
09/12/2021
$0
Extra Operating Cost:
$450
$450
09/12/2021
$0
SILVER
09/12/2021 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
09/12/2021
0.00M
Measured & Indicated:
n/a
n/a
09/12/2021
0.00M
Inferred:
n/a
n/a
09/12/2021
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
09/12/2021
0.00M
Measured & Indicated:
n/a
n/a
09/12/2021
0.00M
Inferred:
n/a
n/a
09/12/2021
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
09/12/2021
$0.00
Extra Operating Cost:
n/a
n/a
09/12/2021
$0.00
Average Grade:
n/a
n/a
09/12/2021
n/a
Recovery Rate:
n/a
n/a
09/12/2021
0.00%
F U T U R E
Proven & Probable:
n/a
n/a
09/12/2021
0.00M
Annual Production:
n/a
n/a
09/12/2021
n/a
Cash Cost:
n/a
n/a
09/12/2021
n/a
Extra Operating Cost:
n/a
n/a
09/12/2021
n/a
Property
Last Analysis Data (09/12/2021)
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Development
Eastern Europe , Bulgaria
Rozino
70% (guess)
16,000
Open Pit
show
500,000 oz at .6 gpt
PEA in 2017
$97 million capex
About 50,000 oz of annual production
Exploration
Eastern Europe , Bulgaria
Iglika
100% (guess)
n/a
n/a
show
Early exploration
Exploration
Bulgaria , Bulgaria
Makedontis
70% (guess)
n/a
Open Pit
show
300,000 oz open pit.
Exploration
Eastern Europe , Bulgaria
Obichnik
70% (guess)
n/a
n/a
show
100,000 oz open pit.
Total Land Package Size (ha):
16,000
Current Data
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Development
Eastern Europe , Bulgaria
Rozino
70% (guess)
16,000
Open Pit
show
500,000 oz at .6 gpt
PEA in 2017
$97 million capex
About 50,000 oz of annual production
Exploration
Eastern Europe , Bulgaria
Iglika
100% (guess)
n/a
n/a
show
Early exploration
Exploration
Bulgaria , Bulgaria
Makedontis
70% (guess)
n/a
Open Pit
show
300,000 oz open pit.
Exploration
Eastern Europe , Bulgaria
Obichnik
70% (guess)
n/a
n/a
show
100,000 oz open pit.
Total Land Package Size (ha):
16,000
Profitability (by resource)
Proven & Probable
09/12/2021 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.):
0.45M
0.45M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
3.78M
P L A U S I B L E
Gold Eq. Oz.:
0.36M
0.36M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
3.02M
Maximum Profit (Gold):
$146.17M
$161.48M
n/a
$15.31M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$146.17M
$161.48M
n/a
$15.31M
Max Profit / Current MCap:
2.448
4.381
n/a
1.933
Max Profit Per Share (Gold):
$0.82
$0.91
n/a
$0.09
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$0.82
$0.91
n/a
$0.09
Total Free Profit Per Share:
$0.40
$0.65
n/a
$0.25
FD Mkt. Cap / Gold Eq.:
$165.88
$102.39
n/a
$-63.49
FD Mkt. Cap / Silver Eq.:
$2.20
$1.22
n/a
$-0.98
FD Mkt. Cap / Per Metal as % Spot Price:
9.28%
5.52%
n/a
-3.76%
Measured & Indicated
09/12/2021 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.):
0.50M
0.50M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
4.20M
P L A U S I B L E
Gold Eq. Oz.:
0.39M
0.39M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
3.29M
Maximum Profit (Gold):
$159.16M
$175.83M
n/a
$16.67M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$159.16M
$175.83M
n/a
$16.67M
Max Profit / Current MCap:
2.665
4.770
n/a
2.105
Max Profit Per Share (Gold):
$0.90
$0.99
n/a
$0.09
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$0.90
$0.99
n/a
$0.09
Total Free Profit Per Share:
$0.47
$0.73
n/a
$0.25
FD Mkt. Cap / Gold Eq.:
$152.34
$94.03
n/a
$-58.31
FD Mkt. Cap / Silver Eq.:
$2.02
$1.12
n/a
$-0.90
FD Mkt. Cap / Per Metal as % Spot Price:
8.53%
5.07%
n/a
-3.45%
Reserves & Resources
09/12/2021 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.):
0.75M
0.75M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
6.30M
P L A U S I B L E
Gold Eq. Oz.:
0.49M
0.49M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
4.13M
Maximum Profit (Gold):
$199.76M
$220.68M
n/a
$20.92M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$199.76M
$220.68M
n/a
$20.92M
Max Profit / Current MCap:
3.345
5.987
n/a
2.642
Max Profit Per Share (Gold):
$1.13
$1.24
n/a
$0.12
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$1.13
$1.24
n/a
$0.12
Total Free Profit Per Share:
$0.70
$0.98
n/a
$0.28
FD Mkt. Cap / Gold Eq.:
$121.38
$74.92
n/a
$-46.46
FD Mkt. Cap / Silver Eq.:
$1.61
$0.89
n/a
$-0.72
FD Mkt. Cap / Per Metal as % Spot Price:
6.79%
4.04%
n/a
-2.75%
Future Valuation (Cash Flow & Totals)
Defaults
Defaults
09/12/2021 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Exchange Rates:
CAD 0.7924
CAD 0.7844
05/29/2022
Spot Gold:
$1,786.90
$1,853.60
05/29/2022
$66.70
Spot Silver:
$23.70
$22.12
05/29/2022
$-1.58
Gold:Silver Ratio:
75.40
83.80
05/29/2022
8.40
Spot Gold (Future):
$2,500.00
$2,500.00
$0.00
Spot Silver (Future):
$100.00
$100.00
$0.00
Gold:Silver Ratio (Future):
25.00
25.00
0.00
Gold Cash Cost:
$750.00
$750.00
$0.00
Gold Extra Operating Cost:
$350.00
$350.00
$0.00
Gold Avg. Recovery Rate:
75.00%
75.00%
0.00%
Silver Cash Cost:
$10.00
$10.00
$0.00
Silver Extra Operating Cost:
$6.00
$6.00
$0.00
Silver Avg. Recovery Rate:
75.00%
75.00%
0.00%
Plausibility of P & P:
100.00%
100.00%
0.00%
Plausibility of M & I:
80.00%
80.00%
0.00%
Plausibility of Inferred:
50.00%
50.00%
0.00%
Tax Rate:
30.00%
30.00%
0.00%
Tax Rate (Future):
40.00%
40.00%
0.00%
Future Valuation Multiplier:
15.00%
15.00%
0.00%
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