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Asante Gold Corp

www: www.asantegold.com   email: Douglas@asantegold.com
Category: Mid-tier Producer
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Symbol Data

Symbol Currency
CNSX:ASE CAD
OTCMKTS:ASGOF USD

Description

Asante Gold Corp are a gold focused mid-tier producer with one mine in development in Ghana and five exploration properties. They have approximately 5Moz. of gold in the reserves and resources category of which 3Moz. are in the measured and indicated category. They have a market capitalisation of ~C$339.7M which is a fall of roughly 13% over the last three weeks. As of 09/10/2022 they have ~C$146M debt and ~C$25.56M cash. They have 355M shares outstanding and trade on the Canadian Securities Exchange and the over-the-counter markets.

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General Details

Financial 09/10/2022
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $391.19M $339.70M 09/10/2022 $-51.49M
Total Assets: $38.39M $36.52M 09/10/2022 $-1.88M
Total Liabilities: $161.25M $153.36M 09/10/2022 $-7.89M
Current Assets: $26.88M $25.56M 09/10/2022 $-1.31M
Current Liabilities: $46.07M $43.82M 09/10/2022 $-2.25M
Total Debt: $153.57M $146.06M 09/10/2022 $-7.51M
Cash: $26.88M $25.56M 09/10/2022 $-1.31M
Enterprise Value: $517.89M $460.20M 08/01/1984 $-57.69M
Cash Flow: $70.98M $70.98M never $0.00M
Cash Flow Multiple: 5.51 4.79 never -0.73
Net Debt to
Cash Flow Ratio:
1.78 1.70 never -0.09
Finance within 1 year: 09/10/2022 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 09/10/2022 0.00%
Misc 09/10/2022
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 355,000,000 355,000,000 09/10/2022 0
Shares (FD): 443,000,000 443,000,000 09/10/2022 0
Insider Ownership: n/a 40% 09/10/2022 40%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 06/01/2022 09/10/2022 n/a
Production (Gold Eq Oz.): (guess) 
300,000
(guess) 
300,000
09/10/2022 0
Production (Silver Eq Oz.): (guess) 
25,575,139
(guess) 
25,575,139
09/10/2022 0
Initial CapEx (Outstanding): $60.00M
15.34% of Mkt.Cap
$60.00M
17.66% of Mkt.Cap
09/10/2022 $0.00M
Funding Option: n/a n/a 09/10/2022 n/a
Documentation: none PRODUCER 09/10/2022 n/a
Value Adjustment: 25% 25% never 0%

Resource Data

GOLD 09/10/2022
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 2.80M 2.80M 09/10/2022 0.00M
Measured & Indicated: 3.00M 3.00M 09/10/2022 0.00M
Inferred: 2.00M 2.00M 09/10/2022 0.00M
Reserves & Resources: 5.00M 5.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 2.38M 2.38M 09/10/2022 0.00M
Measured & Indicated: 2.52M 2.52M 09/10/2022 0.00M
Inferred: 0.85M 0.85M 09/10/2022 0.00M
Reserves & Resources: 3.37M 3.37M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
300,000oz.
(guess) 
300,000oz.
09/10/2022 0oz.
Cash Cost: $1,000 $1,000 09/10/2022 $0.00
Extra Operating Cost: $500 $500 09/10/2022 $0.00
Average Grade: 3.00 g/t 3.00 g/t 09/10/2022 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 09/10/2022 0.00%
F
U
T
U
R
E
Proven & Probable: 3.00M 3.00M 09/10/2022 0.00M
Annual Production: 400,000oz. 400,000oz. 09/10/2022 0oz.
Cash Cost: $1,000 $1,000 09/10/2022 $0
Extra Operating Cost: $450 $450 09/10/2022 $0
SILVER 09/10/2022
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 09/10/2022 0.00M
Measured & Indicated: n/a n/a 09/10/2022 0.00M
Inferred: n/a n/a 09/10/2022 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 09/10/2022 0.00M
Measured & Indicated: n/a n/a 09/10/2022 0.00M
Inferred: n/a n/a 09/10/2022 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 09/10/2022 $0.00
Extra Operating Cost: n/a n/a 09/10/2022 $0.00
Average Grade: n/a n/a 09/10/2022 n/a
Recovery Rate: n/a n/a 09/10/2022 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 09/10/2022 0.00M
Annual Production: n/a n/a 09/10/2022 n/a
Cash Cost: n/a n/a 09/10/2022 n/a
Extra Operating Cost: n/a n/a 09/10/2022 n/a

Property

Last Analysis Data  (09/10/2022)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development West Africa, Ghana Kubi 50% (guess) 1,900 n/a show
350,000 oz high grade deposit.

50% JV

Production in 2018 or 2019 at 35,000 oz (500 tpd).
Exploration Ghana, Ghana Betenase 100% (guess) n/a n/a show
Early exploration.
Exploration West Africa, Ghana Bibiani 100% (guess) n/a Open Pit show
2.5 million oz deposit.
Exploration West Africa, Ghana Chirano 100% (guess) n/a n/a show
150,000 oz to 200,000 oz producer

1 million oz of reserves
1 million oz of M&I
Exploration Africa, Ghana Fahiakoba 95% (guess) 2,200 Open Pit show
Good location, next to two large mines. Early exploration. Very little drilling.
Exploration Ghana, Ghana Keyhole 100% (guess) n/a n/a show
Early Exploration.
Total Land Package Size (ha): 4,100  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development West Africa, Ghana Kubi 50% (guess) 1,900 n/a show
350,000 oz high grade deposit.

50% JV

Production in 2018 or 2019 at 35,000 oz (500 tpd).
Exploration Ghana, Ghana Betenase 100% (guess) n/a n/a show
Early exploration.
Exploration West Africa, Ghana Bibiani 100% (guess) n/a Open Pit show
2.5 million oz deposit.
Exploration West Africa, Ghana Chirano 100% (guess) n/a n/a show
150,000 oz to 200,000 oz producer

1 million oz of reserves
1 million oz of M&I
Exploration Africa, Ghana Fahiakoba 95% (guess) 2,200 Open Pit show
Good location, next to two large mines. Early exploration. Very little drilling.
Exploration Ghana, Ghana Keyhole 100% (guess) n/a n/a show
Early Exploration.
Total Land Package Size (ha): 4,100  

Profitability (by resource)

Proven &
Probable
09/10/2022
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.): 2.80M 2.80M 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.: 2.38M 2.38M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): $703.89M $703.89M n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $703.89M $703.89M n/a $0.00M
Max Profit / Current MCap: 1.799 2.072 n/a 0.273
Max Profit Per Share (Gold): $1.59 $1.59 n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.59 $1.59 n/a $0.00
Total Free Profit Per Share: $0.44 $0.54 n/a $0.10
FD Mkt. Cap / Gold Eq.: $164.37 $142.73 n/a $-21.63
FD Mkt. Cap / Silver Eq.: $1.93 $1.67 n/a $-0.25
FD Mkt. Cap / Per Metal
as % Spot Price:
8.94% 7.77% n/a -1.18%
Measured &
Indicated
09/10/2022
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.): 3.00M 3.00M 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.: 2.52M 2.52M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): $744.11M $744.11M n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $744.11M $744.11M n/a $0.00M
Max Profit / Current MCap: 1.902 2.190 n/a 0.288
Max Profit Per Share (Gold): $1.68 $1.68 n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.68 $1.68 n/a $0.00
Total Free Profit Per Share: $0.53 $0.63 n/a $0.10
FD Mkt. Cap / Gold Eq.: $155.48 $135.02 n/a $-20.46
FD Mkt. Cap / Silver Eq.: $1.82 $1.58 n/a $-0.24
FD Mkt. Cap / Per Metal
as % Spot Price:
8.46% 7.35% n/a -1.11%

Reserves &
Resources
09/10/2022
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.): 5.00M 5.00M 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.: 3.37M 3.37M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): $995.49M $995.49M n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $995.49M $995.49M n/a $0.00M
Max Profit / Current MCap: 2.545 2.930 n/a 0.386
Max Profit Per Share (Gold): $2.25 $2.25 n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.25 $2.25 n/a $0.00
Total Free Profit Per Share: $1.10 $1.20 n/a $0.10
FD Mkt. Cap / Gold Eq.: $116.22 $100.92 n/a $-15.30
FD Mkt. Cap / Silver Eq.: $1.36 $1.18 n/a $-0.18
FD Mkt. Cap / Per Metal
as % Spot Price:
6.32% 5.49% n/a -0.83%

Future Valuation (Cash Flow & Totals)

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