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 -Â Feb 28, 2013Â (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