Eurasian Minerals Inc. (EMX.V)

Eurasian Minerals is a prospect generator. It has an expertise in finding valuable mineral deposits and partnering with majors in return for a percentage of the revenues generated by its finds.

EMX Company Presentation – Feb 28, 2013 (link)

  • Market Cap: $102M
  • Stock Price: $1.41
  • Interests in 150 properties on 5 continents
  • $27M in cash and securities
  • Royalty portfolio generated $5M in 2012
  • Key Executives: David Cole, Eric Jensen, David Johnson
  • Cumulative expenditures: ~$105M
  • Cumulative recoveries: ~$40M
  • Key Shareholders: EMX Management 11%, Sprott 6%, Lundin 1.6%
  • Fully diluted shares: 91M

EMX 12/2012 Financial Highlights

  • Cash $21.7M
  • Current Assets $24.5M
  • Current Liabilities $1.8M
  • Roughly $20M of working capital to fund exploration
  • No preferred or long term debt
  • Operating Income -$15.9M
  • Operative CF -$14.4M

EMX 12/2012 Annual Report Highlights

  • link
  • Leeville royalty $4.1M potential
  • Sufficient cash for next 12 months