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Golden Ridge Resources

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

Symbol Currency
CVE:GLDN CAD
OTCMKTS:GORIF USD

Description

Golden Ridge Resources are a junior, project generator looking for gold with four exploration properties in Canada. They have a market capitalisation of ~C$4.26M which is a fall of roughly 4% over the last months. As of 04/30/2023 they have no debt and ~C$1.39M cash. They have 59M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 04/30/2023
Last
Analysis
Data
Current Data
Item Value Value Updated
MCap (FD): $4.46M $4.26M 04/30/2024
Total Assets: $3.67M $3.47M 04/30/2023
Total Liabilities: $0.08M $0.08M 04/30/2023
Current Assets: $1.47M $1.39M 04/30/2023
Current Liabilities: $0.08M $0.08M 04/30/2023
Total Debt: $0.00M $0.00M 04/30/2023
Cash: $1.47M $1.39M 04/30/2023
Enterprise Value: $2.99M $2.87M 02/03/1970
Cash Flow: $0.00M $0.00M never
Cash Flow Multiple: 0.00 0.00 never
Net Debt to
Cash Flow Ratio:		 n/a n/a never
Finance within 1 year: 04/30/2023
Misc 04/30/2023
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 58,000,000 58,541,320 04/30/2024
Shares (FD): 81,000,000 76,677,672 04/30/2024
Insider Ownership: n/a n/a never
Dividend (Annual): n/a n/a never
Company Type: Mostly Gold Mostly Gold never
Production ETA: n/a n/a 04/30/2023
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 04/30/2023
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 04/30/2023
Initial CapEx (Outstanding): n/a n/a 04/30/2023
Funding Option: n/a n/a 04/30/2023
Documentation: none none 04/30/2024
Future MCap Modifier: 0.02
PG/Explorer: Average Project
 0.02
PG/Explorer: Average Project
 04/24/2023
Cash Flow Multiplier: none none 04/30/2024

Resource Data

GOLD 04/30/2023
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 04/30/2023
Measured & Indicated: n/a n/a 04/30/2023
Inferred: n/a n/a 04/30/2023
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 04/30/2023
Measured & Indicated: n/a n/a 04/30/2023
Inferred: n/a n/a 04/30/2023
Reserves & Resources: n/a n/a never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 04/30/2023
Extra Operating Cost: n/a n/a 04/30/2023
Total: n/a n/a 04/30/2023
Margin (Free Cash Flow): n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 04/30/2023
Open Pit (Avg): n/a n/a 04/30/2023
Recovery Rate: n/a n/a 04/30/2023
F
U
T
U
R
E		 Proven & Probable: n/a n/a 04/30/2023
Annual Production: n/a n/a 04/30/2023
Cash Cost: n/a n/a 04/30/2023
Extra Operating Cost: n/a n/a 04/30/2023
SILVER 04/30/2023
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 04/30/2023
Measured & Indicated: n/a n/a 04/30/2023
Inferred: n/a n/a 04/30/2023
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 04/30/2023
Measured & Indicated: n/a n/a 04/30/2023
Inferred: n/a n/a 04/30/2023
Reserves & Resources: n/a n/a never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 04/30/2023
Extra Operating Cost: n/a n/a 04/30/2023
Total: n/a n/a 04/30/2023
Margin (Free Cash Flow): n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 04/30/2023
Open Pit (Avg): n/a n/a 04/30/2023
Recovery Rate: n/a n/a 04/30/2023
F
U
T
U
R
E		 Proven & Probable: n/a n/a 04/30/2023
Annual Production: n/a n/a 04/30/2023
Cash Cost: n/a n/a 04/30/2023
Extra Operating Cost: n/a n/a 04/30/2023

Property

Last Analysis Data  (04/30/2023)
Stage Name Owned Au Ag Cu Notes
Exp Davis Cove 100% n/a
Exp Hank 100% show
March 2023 Update - property optioned to Kingfisher Metals


Early exploration.

c, Lac has the option to purchase a 51% interest in the Hank Project upon a mineral resource of at least 3 million ounces of contained gold or gold equivalent (“Hurdle Notice”) being generated.

If the back-in right is exercised, the Company will receive two times its expenditures in cash, the 2% NSR will be cancelled and 51/49 joint venture will immediately be formed.
Exp Heritage 75% n/a
Exp Williams 100% show
located 30 km south and on trend with New Found Gold Corp.’s (“NFGC”) recently announced high grade intersection of 92.86 g/t Au over 19.0 meters, including 285.2 g/t Au over 6.0 metres at its Queensway Gold project (see NFGC news release dated January 28, 2020).1
Total Land Package Size (ha): 2,000  
Current Data
Stage Name Owned Au Ag Cu Notes
Exp Davis Cove 100% n/a
Exp Hank 100% show
March 2023 Update - property optioned to Kingfisher Metals


Early exploration.

c, Lac has the option to purchase a 51% interest in the Hank Project upon a mineral resource of at least 3 million ounces of contained gold or gold equivalent (“Hurdle Notice”) being generated.

If the back-in right is exercised, the Company will receive two times its expenditures in cash, the 2% NSR will be cancelled and 51/49 joint venture will immediately be formed.
Exp Heritage 75% n/a
Exp Williams 100% show
located 30 km south and on trend with New Found Gold Corp.’s (“NFGC”) recently announced high grade intersection of 92.86 g/t Au over 19.0 meters, including 285.2 g/t Au over 6.0 metres at its Queensway Gold project (see NFGC news release dated January 28, 2020).1
Total Land Package Size (ha): 2,000  

Profitability (by resource)

Proven &
Probable		 04/30/2023
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: n/a n/a n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): n/a n/a n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): n/a n/a n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: n/a n/a n/a
Max Profit / Current MCap: n/a n/a n/a
Max Profit Per Share (Gold): n/a n/a n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: n/a n/a n/a
Total Free Profit Per Share: n/a n/a n/a
FD MCap / Gold Eq.: n/a n/a n/a
FD MCap / Silver Eq.: n/a n/a n/a
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a
Measured &
Indicated		 04/30/2023
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: n/a n/a n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): n/a n/a n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

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

Reserves &
Resources		 04/30/2023
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: n/a n/a n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): n/a n/a n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

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

Future Valuation (Cash Flow & Totals)

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