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Bullfrog Gold

OTCPK:BFGC
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BFGC
OTCPK
$19M
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Bullfrog Gold Corp., a junior exploration company, engages in the acquisition and exploration of mineral properties in the United States. The last earnings update was 38 days ago. More info.


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  • Bullfrog Gold has significant price volatility in the past 3 months.
BFGC Share Price and Events
7 Day Returns
4.3%
OTCPK:BFGC
-1%
US Metals and Mining
0.8%
US Market
1 Year Returns
53.4%
OTCPK:BFGC
-21.4%
US Metals and Mining
5.9%
US Market
BFGC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bullfrog Gold (BFGC) 4.3% 62.2% 164% 53.4% 421.4% 165%
US Metals and Mining -1% 3% 10.4% -21.4% 18.3% -9.5%
US Market 0.8% 2.6% 10.6% 5.9% 37.7% 45.5%
1 Year Return vs Industry and Market
  • BFGC outperformed the Metals and Mining industry which returned -21.4% over the past year.
  • BFGC outperformed the Market in United States of America which returned 5.9% over the past year.
Price Volatility
BFGC
Industry
5yr Volatility vs Market

Value

 Is Bullfrog Gold undervalued based on future cash flows and its price relative to the stock market?

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 undervalued.

In this section, we usually try to help investors determine whether Bullfrog Gold is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Bullfrog Gold has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Bullfrog Gold. This is due to cash flow or dividend data being unavailable. The share price is $0.146.
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 Bullfrog Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bullfrog Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:BFGC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.01
OTCPK:BFGC Share Price ** OTCPK (2019-04-18) in USD $0.15
United States of America Metals and Mining Industry PE Ratio Median Figure of 43 Publicly-Listed Metals and Mining Companies 8.88x
United States of America Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 18.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bullfrog Gold.

OTCPK:BFGC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:BFGC Share Price ÷ EPS (both in USD)

= 0.15 ÷ -0.01

-28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bullfrog Gold is loss making, we can't compare its value to the US Metals and Mining industry average.
  • Bullfrog Gold is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Bullfrog Gold's expected growth come at a high price?
Raw Data
OTCPK:BFGC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Metals and Mining Industry PEG Ratio Median Figure of 24 Publicly-Listed Metals and Mining Companies 0.68x
United States of America Market PEG Ratio Median Figure of 2,108 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Bullfrog Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bullfrog Gold's assets?
Raw Data
OTCPK:BFGC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.00
OTCPK:BFGC Share Price * OTCPK (2019-04-18) in USD $0.15
United States of America Metals and Mining Industry PB Ratio Median Figure of 99 Publicly-Listed Metals and Mining Companies 1.57x
United States of America Market PB Ratio Median Figure of 5,172 Publicly-Listed Companies 1.93x
OTCPK:BFGC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:BFGC Share Price ÷ Book Value per Share (both in USD)

= 0.15 ÷ 0.00

-32.28x

* Primary Listing of Bullfrog Gold.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bullfrog Gold has negative assets, we can't compare the value of its assets to the US Metals and Mining industry average.

Next steps:

  1. Take a look at our analysis of BFGC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Show me more potentially undervalued companies in the Metals and Mining industry
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Bullfrog Gold's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Bullfrog Gold has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Bullfrog Gold expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Bullfrog Gold 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 growth 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 it right!
Annual Growth Rate
12.5%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bullfrog Gold expected to grow at an attractive rate?
  • Unable to compare Bullfrog Gold's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Bullfrog Gold's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Bullfrog Gold's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:BFGC Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:BFGC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:BFGC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 -1
2018-09-30 0 -1
2018-06-30 -1 -1
2018-03-31 -1 -1
2017-12-31 0 -2
2017-09-30 0 -1
2017-06-30 0 -1
2017-03-31 0 2
2016-12-31 0 2
2016-09-30 0 2
2016-06-30 0 2
2016-03-31 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Bullfrog Gold is high growth as no earnings estimate data is available.
  • Unable to determine if Bullfrog Gold 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.
Raw Data
OTCPK:BFGC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bullfrog Gold Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BFGC Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.02
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 0.02
2016-12-31 0.02
2016-09-30 0.02
2016-06-30 0.03
2016-03-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Bullfrog Gold will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of BFGC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Bullfrog Gold's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Bullfrog Gold's filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Bullfrog Gold's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bullfrog Gold has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Bullfrog Gold performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bullfrog Gold's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bullfrog Gold does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Bullfrog Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Bullfrog Gold's 1-year growth to the US Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Bullfrog Gold's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bullfrog Gold Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BFGC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -0.54 0.48
2018-09-30 -1.21 1.15
2018-06-30 -1.29 1.24
2018-03-31 -1.37 1.31
2017-12-31 -1.53 1.48
2017-09-30 -0.78 0.73
2017-06-30 -0.88 0.84
2017-03-31 1.52 0.74
2016-12-31 1.70 0.50
2016-09-30 1.67 0.47
2016-06-30 1.80 0.26
2016-03-31 -0.59 0.29
2015-12-31 -0.69 0.43
2015-09-30 -0.83 0.44
2015-06-30 -0.97 0.50
2015-03-31 -2.80 0.74
2014-12-31 -2.82 0.80
2014-09-30 -2.32 1.05
2014-06-30 -3.32 1.48
2014-03-31 -1.67 1.97
2013-12-31 -2.54 3.21
2013-09-30 -3.55 3.71
2013-06-30 -1.80 3.70
2013-03-31 -2.42 4.25
2012-12-31 -1.37 3.64
2012-09-30 -2.63 3.71
2012-06-30 -3.21 3.32

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Bullfrog Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Bullfrog Gold has efficiently used its assets last year compared to the US Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Bullfrog Gold improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Bullfrog Gold's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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.
Bullfrog Gold 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.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Bullfrog Gold's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bullfrog Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bullfrog Gold's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Bullfrog Gold has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bullfrog Gold'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 checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Bullfrog Gold has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, 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.
Raw Data

All data from Bullfrog Gold Company Filings, last reported 3 months ago.

OTCPK:BFGC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -0.47 0.00 0.62
2018-09-30 -0.35 0.00 0.00
2018-06-30 -0.22 0.00 0.08
2018-03-31 -0.13 0.00 0.15
2017-12-31 0.00 0.00 0.30
2017-09-30 0.11 0.00 0.42
2017-06-30 0.33 0.00 0.64
2017-03-31 -0.28 0.00 0.04
2016-12-31 -0.24 0.00 0.01
2016-09-30 -0.18 0.00 0.01
2016-06-30 -0.41 0.22 0.04
2016-03-31 -3.01 3.01 0.01
2015-12-31 -3.25 2.95 0.01
2015-09-30 -3.14 2.91 0.02
2015-06-30 -3.04 2.86 0.01
2015-03-31 -2.89 2.81 0.01
2014-12-31 -2.74 2.76 0.01
2014-09-30 -2.50 2.67 0.01
2014-06-30 -2.16 2.67 0.08
2014-03-31 -0.18 2.90 0.22
2013-12-31 0.07 2.60 0.23
2013-09-30 -0.21 1.87 0.58
2013-06-30 0.89 1.72 0.74
2013-03-31 1.00 0.99 0.51
2012-12-31 1.60 0.43 0.12
2012-09-30 0.62 0.20 0.04
2012-06-30 -0.04 0.00 0.32
  • Bullfrog Gold has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Bullfrog Gold's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Bullfrog Gold has sufficient cash runway for 1.7 years based on current free cash flow.
  • Bullfrog Gold has sufficient cash runway for 1.5 years if free cash flow continues to grow at historical rates of 64.6% each year.
X
Financial health checks
We assess Bullfrog Gold's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bullfrog Gold has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Bullfrog Gold's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Bullfrog Gold dividends.
If you bought $2,000 of Bullfrog Gold shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Bullfrog Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Bullfrog Gold's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:BFGC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Bullfrog Gold has not reported any payouts.
  • Unable to verify if Bullfrog Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Bullfrog Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Bullfrog Gold has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bullfrog Gold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bullfrog Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bullfrog Gold has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Bullfrog Gold's salary, the management and board of directors tenure and is there insider trading?

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.
CEO
Dave Beling
COMPENSATION $123,000
AGE 76
TENURE AS CEO 7.8 years
CEO Bio

Mr. David C. Beling, also known as Dave, P.Eng, P.E, B.Sc. (Mining Engineering) has been the Chief Executive officer, President and Treasurer at Bullfrog Gold Corporation since July 27, 2011 serves as its Secretary as well as served as Chief Financial Officer. Mr. Beling is responsible for developing its gold projects in Arizona and Nevada and evaluating potential acquisitions. He served as Chief Financial Officer of Bullfrog Gold Corporation since July 27, 2011. Mr. Beling serves as an Independent Consultant and provides contractor and consulting services to various mining companies through D.C. Beling & Associates. He served as an Executive Vice President of Geovic Mining Corp. (a/k/a Geovic Ltd.) from June 2005 to December 31, 2010 and served as its Chief Operating Officer from December 1, 2006 to December 31, 2010. From 1997 to 2004, he worked at D.C. Beling and Associates where he served as an executive, manager, professional consultant and troubleshooter for production operations and development projects for various mining companies. He served as the President, Chief Operating Officer and General Manager of AZCO Mining Inc. from 1992 to 1997 and Senior Vice President of Hycroft Resources & Development Corp. from 1987 to 1992. He served as Senior Vice President of Operations for Geovic since 2003. Mr. Beling's career includes engineering, management and executive positions with several major companies, including Phelps Dodge, Union Oil, Westinghouse, United Technologies and Fluor Corp. He has 50 years experience in mine and process development, financing, construction and operations including over 30 years experience as a Corporate Executive Director and General Manager. He has a unique combination of project and corporate expertise with 48 years of experience in the global precious metal, base metal and energy mineral sectors. Mr. Beling has significantly examined or was directly involved with 84 underground mines, 127 open pits and 163 mineral processing plants as a consultant with numerous clients and while employed with Phelps Dodge, Union Oil, Fluor, United Technologies, Westinghouse and several Canadian and US junior mining companies. He is a Registered Professional Mining Engineer specializing in mine development, financing and mine operations. He has spent the last 39 years in executive management and consulting with over 25 junior companies. He spearheaded the approval of the first Environmental Impact Statement in 1994 for a mine in Arizona. Since 1981 he served as a senior executive and member of the Board of Directors of nine public mining companies and has been associated with Mark Brown on several mining projects and companies since 1997. He has been a Director of NioCorp Developments Ltd. since June 6, 2011. He served as a Director of Animas Resources Ltd. Mr. Beling has been a Director of Bullfrog Gold Corp. since July 27, 2011. He has been Technical Advisory Board Member at Confederation Minerals Ltd. since June 2017. He served as a Member of The Advisory Board of Rare Element Resources Ltd. He served as a Director of Coyote Resources, Inc. from March 17, 2011 to September 8, 2011. He served on 14 Boards of mining companies since 1981. He served as a Director of Romarco Minerals Inc. from 2002 to August 31, 2009. He served as a Director of Rare Element Resources Ltd. from May 03, 2005 to March 2008. He served as a Director of American Bonanza Gold Corp. until March 31, 2003. He served as Director of Intercontinental Mining Corp. from July 29, 1998 to March 2002. Mr. Beling holds Bachelor of Science Degree in Mining Engineering from the University of Arizona in 1964 and is a Professional Mining Engineer registered in Arizona and Nevada.

CEO Compensation
  • Dave's compensation has been consistent with company performance over the past year.
  • Dave's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Dave Beling

TITLE
President
COMPENSATION
$123K
AGE
76
TENURE
7.8 yrs

Ty Minnick

TITLE
Chief Financial Officer
AGE
48

Clive Bailey

TITLE
Lead Geological Consultant
TENURE
2.6 yrs

Joe Wilkins

TITLE
Senior Geological Advisor
AGE
80
Board of Directors Tenure

Average tenure and age of the Bullfrog Gold board of directors in years:

7.8
Average Tenure
70
Average Age
  • The tenure for the Bullfrog Gold board of directors is about average.
Board of Directors

Alan Lindsay

TITLE
Chairman of the Board
COMPENSATION
$23K
AGE
66
TENURE
7.8 yrs

Dave Beling

TITLE
President
COMPENSATION
$123K
AGE
76
TENURE
7.8 yrs

Kjeld Thygesen

TITLE
Director
COMPENSATION
$23K
AGE
70
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Bullfrog Gold insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Feb 19 Buy Kjeld Thygesen Individual 11. Feb 19 11. Feb 19 1,500,000 $0.10 $100,000
14. Nov 18 Buy Kjeld Thygesen Individual 12. Nov 18 12. Nov 18 500,000 $0.05 $23,000
14. Nov 18 Buy David Beling Individual 12. Nov 18 12. Nov 18 500,000 $0.05 $23,000
14. Nov 18 Buy Alan Lindsay Individual 12. Nov 18 12. Nov 18 500,000 $0.05 $23,000
X
Management checks
We assess Bullfrog Gold's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bullfrog Gold has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Bullfrog Gold Corp., a junior exploration company, engages in the acquisition and exploration of mineral properties in the United States. It primarily explores for gold, silver, and other metals. The company holds interests in the Bullfrog gold project that consists of 79 lode claims and 2 patented claims covering an area of approximately 1,600 acres located to the northwest of Las Vegas, Nevada. It also owns, controls, or has acquired mineral rights on State lands, private lands, and Federal patented and unpatented mining claims in the state of Nevada for the purpose of exploration and potential development of metals on a total of approximately 4,790 acres of land. The company was formerly known as Kopr Resources Corp. and changed its name to Bullfrog Gold Corp. in July 2011. Bullfrog Gold Corp. was incorporated in 2007 and is headquartered in Grand Junction, Colorado.

Details
Name: Bullfrog Gold Corp.
BFGC
Exchange: OTCPK
Founded: 2007
$18,623,044
127,555,096
Website: http://bullfroggold.com
Address: Bullfrog Gold Corp.
897 Quail Run Drive,
Grand Junction,
Colorado, 81505,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK BFGC Common Stock Pink Sheets LLC US USD 03. Oct 2011
Number of employees
Current staff
Staff numbers
1
Bullfrog Gold employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 00:27
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/03/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.