Acquires royalties on producing and near-producing mines. Generates revenue from a percentage of the production or revenue of these mines. Now — the numbers.
The company is still in the product-building phase: its spending runs above its sales. That only changes once the product starts selling at scale.
Average growth of 34% a year over the last 4 years. Red columns mark years that ended in a loss.
At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.
This company is not turning a profit, so the market is pricing its sales instead: 29.2× for every dollar of annual revenue.
No analyst target is on record for this company.
The stock trades 18% below its peak. The market has trimmed its expectations for the company.
Over the last 4 years, sales grew about 34% a year on average.
Sales run at $16.3M a year. A small number, but proof the product has real buyers.
There is $4.5M in the vault; even if every debt were paid off, $1.8M would remain.
A loss of $364K against $16.3M in annual sales.
Since the drop from its peak, buyer appetite hasn’t come back.
We don’t have a report card for this stock yet — the data isn’t mature enough to grade. No grade is information too: it means the evidence is thin.
One-line summary: few numbers, an untested story. Keep watching.
Not covered, because the filings we hold do not carry it: the revenue breakdown.