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Velocity Minerals Ltd

www: www.velocityminerals.com   email: info@velocityminerals.com
Category: Junior: Late Stage Developer
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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): $65.00M
108.85% of Mkt.Cap		 $65.00M
176.34% 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)

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