Mirasol Resources Ltd., a mineral exploration company, engages in the acquisition and exploration of mineral properties primarily in Chile and Argentina.
The last earnings update was 18 days ago.
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Mirasol Resources. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Mirasol Resources's earnings available for a low price, and how does
this compare to other companies in the same industry?
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mirasol Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
and how much profit it is expected to make.
Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Mirasol Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Mirasol Resources's earnings growth to the Germany market average as no estimate data is available.
Unable to compare Mirasol Resources's revenue growth to the Germany market average as no estimate data is available.
Unable to determine if Mirasol Resources is high growth as no earnings estimate data is available.
Unable to determine if Mirasol Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Mirasol Resources's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Metals and Mining
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Mirasol Resources's finances.
The net worth of a company is the difference between its assets and liabilities.
Mirasol Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Mirasol Resources has no long term commitments.
This treemap shows a more detailed breakdown of
Mirasol Resources's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Mirasol Resources has no debt, it does not need to be covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Norman S. Pitcher, also known as Norm, P. Geo, has been Chief Executive Officer and President at Mirasol Resources Ltd. since February 1, 2019 and as its Director since March 2019. He serves as an Independent Director of Allegiant Gold Ltd. since December 18, 2017. Mr. Pitcher served as the President of Eldorado Gold Corporation since July 1, 2012 until December 31, 2015. Mr. Pitcher was responsible for preparing and supervising the preparation of the scientific or technical information contained in this AIF about Kisladag, Efemçukuru, Tanjianshan and Vila Nova at Eldorado Gold. He has years of experience in the mining industry and has extensive international expertise in exploration, evaluation and exploitation of open pit and underground mineral deposits. He served as Chief Operating Officer of Eldorado Gold Corp., from July 1, 2005 to July 1, 2012 and Frontier Pacific Mining Corporation since July 2008. He served as Vice President of Exploration & Corporate Development at Eldorado Gold Corp., (formerly Eldorado Corp. Ltd.) from May 2004 to July 2005. Mr. Pitcher was responsible for exploration activities and identifying new business opportunities. He served as Manager of Evaluations of Eldorado Gold Corp. from November 2003 to May 2004 and Chief Geologist for Pan American Silver from 1997 to November 2003. Throughout his career with Eldorado, Pan American Silver, H.A. Simons, Ivanhoe Gold and Pioneer Metals, he was involved in exploration, evaluation and exploitation of open pit and underground mineral deposits on a world-wide basis. Mr. Pitcher is a Professional Geologist. He has been a Independent Director of Roxgold Inc. since June 9, 2016. He is a graduate of the University of Arizona with a Bachelor of Science in Geology.
Insufficient data for Norm to compare compensation growth.
Insufficient data for Norm to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure
Average tenure and age of the
management team in years:
The average tenure for the Mirasol Resources management team is less than 2 years, this suggests a new team.
Vice President of Corporate Development
Business Development Consultant of Chile
Co-Founder & Consultant
Chief Financial Officer
VP & Head of Exploration
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The tenure for the Mirasol Resources board of directors is about average.
Board of Directors
Member of Advisory Board
Who owns this company?
Recent Insider Trading
More shares have been bought than sold by Mirasol Resources insiders in the past 3 months.
Mirasol Resources Ltd., a mineral exploration company, engages in the acquisition and exploration of mineral properties primarily in Chile and Argentina. It explores for gold, silver, and copper deposits. The company holds 100% interests in the Gorbea projects, which include the Atlas property and the Titan property located in Northern Chile. It also holds 100% interests in the Altazor gold project located in Northern Chile; and the Zeus gold project located in Northern Chile. In addition, the company owns interest in the Rubi project located the El Salvador mining district, Chile. Further, it owns 100% interests in the Claudia, Virginia, La Curva, Santa Rita, Nico, Homenaje, Sascha, and Libanesa projects located in the Santa Cruz province of Argentina. The company was founded in 2003 and is headquartered in Vancouver, Canada.
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