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Newcore Gold Ltd

www: newcoregold.com   email: info@newcoregold.com
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
CVE:NCAU CAD
OTCMKTS:NCAUF USD

Description

Newcore Gold Ltd are a gold focused junior, late stage developer with one mine in development in Ghana. They have approximately 2Moz. of gold in the reserves and resources category of which 1Moz. are in the measured and indicated category. They have a market capitalisation of ~C$53.78M which is a rise of roughly 12% over the last eight months. As of 05/04/2024 they have no debt and ~C$2.6M cash. They have 209M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 05/04/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
MCap (FD): $48.06M $53.78M 10/31/2024
Total Assets: $33.66M $31.97M 05/04/2024
Total Liabilities: $0.15M $0.14M 05/04/2024
Current Assets: $2.93M $2.78M 05/04/2024
Current Liabilities: $0.12M $0.12M 05/04/2024
Total Debt: $0.00M $0.00M 05/04/2024
Cash: $2.74M $2.60M 05/04/2024
Enterprise Value: $45.32M $51.18M 08/16/1971
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: 05/04/2024
Misc 05/04/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 172,793,463 208,600,000 10/31/2024
Shares (FD): 202,101,129 234,500,000 10/31/2024
Insider Ownership: n/a 22% 10/31/2024
Dividend (Annual): n/a n/a never
Company Type: Mostly Gold Mostly Gold never
Production ETA: n/a 01/01/2027 05/04/2024
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 05/04/2024
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 05/04/2024
Initial CapEx (Outstanding): $97.00M
201.83% of MCap		 $97.00M
180.38% of MCap 		05/04/2024
Funding Option: n/a n/a 05/04/2024
Documentation: none PEA 10/31/2024
Future MCap Modifier: 0.02
PG/Explorer: Average Project
 0.15
Developer: Strong Path to Production
 09/21/2024
Cash Flow Multiplier: none 4 09/21/2024

Resource Data

GOLD 05/04/2024
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 05/04/2024
Measured & Indicated: 1.00M 1.00M 05/04/2024
Inferred: 1.00M 1.00M 05/04/2024
Reserves & Resources: 2.00M 2.00M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 05/04/2024
Measured & Indicated: 0.64M 0.64M 05/04/2024
Inferred: 0.40M 0.40M 05/04/2024
Reserves & Resources: 1.04M 1.04M never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: $750 n/a 05/04/2024
Extra Operating Cost: $350 n/a 05/04/2024
Total: $1,100 $1,550 05/04/2024
Margin (Free Cash Flow): n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 05/04/2024
Open Pit (Avg): n/a 0.60 g/t 05/12/2023
Recovery Rate: (CG)  80.00% (CG)  80.00% 10/31/2024
F
U
T
U
R
E		 Proven & Probable: 2.00M 2.00M 05/04/2024
Annual Production: n/a 100,000oz. 09/21/2024
Cash Cost: n/a $1,000 09/21/2024
Extra Operating Cost: n/a $550 09/21/2024
SILVER 05/04/2024
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 05/04/2024
Measured & Indicated: n/a n/a 05/04/2024
Inferred: n/a n/a 05/04/2024
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 05/04/2024
Measured & Indicated: n/a n/a 05/04/2024
Inferred: n/a n/a 05/04/2024
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 05/04/2024
Extra Operating Cost: n/a n/a 05/04/2024
Total: n/a n/a 05/04/2024
Margin (Free Cash Flow): n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 05/04/2024
Open Pit (Avg): n/a n/a 05/12/2023
Recovery Rate: n/a n/a 05/04/2024
F
U
T
U
R
E		 Proven & Probable: n/a n/a 05/04/2024
Annual Production: n/a n/a 05/04/2024
Cash Cost: n/a n/a 05/04/2024
Extra Operating Cost: n/a n/a 05/04/2024

Property

Last Analysis Data  (05/04/2024)
Stage Name Owned Au Ag Cu Notes
Dev Enchi 100% show
Enchi is likely to get built.

1.5 million oz resource and growing.

PEA completed in 2015.
Total Land Package Size (ha): 70,000  
Current Data
Stage Name Owned Au Ag Cu Notes
Dev Enchi 100% show
Enchi is likely to get built.

1.5 million oz resource and growing.

PEA completed in 2015.
Total Land Package Size (ha): 70,000  

Profitability (by resource)

Proven &
Probable		 05/04/2024
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		 05/04/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 1.00M 1.00M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.64M 0.64M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $768.70M $685.06M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $768.70M $685.06M n/a
Max Profit / Current MCap: 15.994 12.739 n/a
Max Profit Per Share (Gold): $3.80 $2.92 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $3.80 $2.92 n/a
Total Free Profit Per Share: $3.48 $2.59 n/a
FD MCap / Gold Eq.: $75.10 $84.02 n/a
FD MCap / Silver Eq.: $0.87 $0.94 n/a
FD MCap / Per Metal
as % Spot Price:		 3.26% 3.21% n/a

Reserves &
Resources		 05/04/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 2.00M 2.00M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.04M 1.04M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $1,249.14M $1,113.22M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $1,249.14M $1,113.22M n/a
Max Profit / Current MCap: 25.991 20.701 n/a
Max Profit Per Share (Gold): $6.18 $4.75 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $6.18 $4.75 n/a
Total Free Profit Per Share: $5.86 $4.42 n/a
FD MCap / Gold Eq.: $46.21 $51.71 n/a
FD MCap / Silver Eq.: $0.53 $0.58 n/a
FD MCap / Per Metal
as % Spot Price:		 2.01% 1.97% n/a

Future Valuation (Cash Flow & Totals)

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