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Pelangio Exploration Inc

www: www.pelangio.com   email: ir@pelangio.com
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
CVE:PX CAD
OTCMKTS:PGXPF USD

Description

Pelangio Exploration Inc are a gold focused junior, late stage developer with one mine in development in Ghana and exploration properties. They have approximately 0.5Moz. of gold in the reserves and resources category of which 0.2Moz. are in the measured and indicated category. They have a market capitalisation of ~C$5.59M which is a rise of roughly 48% over the last months. As of 03/19/2023 they have no debt and ~C$0.72M cash. They have 155M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 03/19/2023
Last
Analysis
Data
Current Data
Item Value Value Updated
MCap (FD): $3.78M $5.59M 08/27/2024
Total Assets: $0.73M $0.72M 03/19/2023
Total Liabilities: $0.43M $0.42M 03/19/2023
Current Assets: $0.73M $0.72M 03/19/2023
Current Liabilities: $0.40M $0.39M 03/19/2023
Total Debt: $0.00M $0.00M 03/19/2023
Cash: $0.73M $0.72M 03/19/2023
Enterprise Value: $3.05M $4.87M 02/26/1970
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: 03/19/2023
Misc 03/19/2023
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 109,000,000 155,000,000 08/27/2024
Shares (FD): 173,000,000 260,000,000 08/27/2024
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 03/19/2023
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 03/19/2023
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 03/19/2023
Initial CapEx (Outstanding): n/a n/a 03/19/2023
Funding Option: n/a n/a 03/19/2023
Documentation: none none 08/27/2024
Future MCap Modifier: 0.02
PG/Explorer: Average Project
 0.05
Developer: Early Development
 08/27/2024
Cash Flow Multiplier: none 2 08/27/2024

Resource Data

GOLD 03/19/2023
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 03/19/2023
Measured & Indicated: 0.00M 0.20M 08/27/2024
Inferred: 0.00M 0.30M 08/27/2024
Reserves & Resources: n/a 0.50M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 03/19/2023
Measured & Indicated: 0.00M 0.14M 08/27/2024
Inferred: 0.00M 0.14M 08/27/2024
Reserves & Resources: n/a 0.28M never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 03/19/2023
Extra Operating Cost: n/a n/a 03/19/2023
Total: n/a $1,600 03/19/2023
Margin (Free Cash Flow): n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 03/19/2023
Open Pit (Avg): n/a 1.00 g/t 08/27/2024
Recovery Rate: n/a (CG)  90.00% 08/27/2024
F
U
T
U
R
E		 Proven & Probable: n/a 0.40M 08/27/2024
Annual Production: n/a 35,000oz. 08/27/2024
Cash Cost: n/a $1,000 08/27/2024
Extra Operating Cost: n/a $600 08/27/2024
SILVER 03/19/2023
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 03/19/2023
Measured & Indicated: n/a n/a 03/19/2023
Inferred: n/a n/a 03/19/2023
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 03/19/2023
Measured & Indicated: n/a n/a 03/19/2023
Inferred: n/a n/a 03/19/2023
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 03/19/2023
Extra Operating Cost: n/a n/a 03/19/2023
Total: n/a n/a 03/19/2023
Margin (Free Cash Flow): n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 03/19/2023
Open Pit (Avg): n/a n/a 03/19/2023
Recovery Rate: n/a n/a 03/19/2023
F
U
T
U
R
E		 Proven & Probable: n/a n/a 03/19/2023
Annual Production: n/a n/a 03/19/2023
Cash Cost: n/a n/a 03/19/2023
Extra Operating Cost: n/a n/a 03/19/2023

Property

Last Analysis Data  (03/19/2023)
Stage Name Owned Au Ag Cu Notes
Exp Birch Lake 20% show
They entered to a JV with First Mining Finance which can earn 80% . I is adjacent to their Springpole project.
Exp Dalton 10% show
Early exploration.
On August 26, 2020, the Company relinquished its option to earn a 90% interest in the Dalton
Property.
Exp Dome West 100% show
Early exploration.
Exp Grenfell 20% n/a
Dev Manfo 90% show
500,000 oz shallow deposit (1 gpt). Still early exploration, but they appear to be advancing it toward production.
Exp Dankran 100% show
Adjacent to historic Obuom mine which in the 1930’s produced 29,000 ounces at an average grade of 16 g/t Au, with recent extensive artisanal mining activity evident extending from the mine site into the Dankran property;

Very limited exploration to date.

In order to acquire 100% interest in the Dankran property, Pelangio must pay to BNT Ghana an aggregate of $300,000, and issue 1,000,000 shares
Exp Obuasi 100% show
Large property next door to a 30 million oz deposit.
Total Land Package Size (ha): 44,306  
Current Data
Stage Name Owned Au Ag Cu Notes
Exp Birch Lake 20% show
They entered to a JV with First Mining Finance which can earn 80% . I is adjacent to their Springpole project.
Exp Dalton 10% show
Early exploration.
On August 26, 2020, the Company relinquished its option to earn a 90% interest in the Dalton
Property.
Exp Dome West 100% show
Early exploration.
Exp Grenfell 20% n/a
Dev Manfo 90% show
500,000 oz shallow deposit (1 gpt). Still early exploration, but they appear to be advancing it toward production.
Exp Dankran 100% show
Adjacent to historic Obuom mine which in the 1930’s produced 29,000 ounces at an average grade of 16 g/t Au, with recent extensive artisanal mining activity evident extending from the mine site into the Dankran property;

Very limited exploration to date.

In order to acquire 100% interest in the Dankran property, Pelangio must pay to BNT Ghana an aggregate of $300,000, and issue 1,000,000 shares
Exp Obuasi 100% show
Large property next door to a 30 million oz deposit.
Total Land Package Size (ha): 44,306  

Profitability (by resource)

Proven &
Probable		 03/19/2023
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		 03/19/2023
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: n/a 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): n/a 0.20M 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 0.14M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): n/a $153.78M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: n/a $153.78M n/a
Max Profit / Current MCap: n/a 27.532 n/a
Max Profit Per Share (Gold): n/a $0.59 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: n/a $0.59 n/a
Total Free Profit Per Share: n/a $0.56 n/a
FD MCap / Gold Eq.: n/a $38.79 n/a
FD MCap / Silver Eq.: n/a $0.45 n/a
FD MCap / Per Metal
as % Spot Price:		 n/a 1.45% n/a

Reserves &
Resources		 03/19/2023
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: n/a 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): n/a 0.50M 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 0.28M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): n/a $297.94M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: n/a $297.94M n/a
Max Profit / Current MCap: n/a 53.344 n/a
Max Profit Per Share (Gold): n/a $1.15 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: n/a $1.15 n/a
Total Free Profit Per Share: n/a $1.12 n/a
FD MCap / Gold Eq.: n/a $20.02 n/a
FD MCap / Silver Eq.: n/a $0.23 n/a
FD MCap / Per Metal
as % Spot Price:		 n/a 0.75% n/a

Future Valuation (Cash Flow & Totals)

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