ROCAF Roca Mines Inc featured news, full reports, and detailed charts
Roca Mines Inc (ROCAF/ROCAF.PK) Wrap Up:
Roca Mines, Inc. engages in the acquisition, exploration, and development of resource properties, including base, precious, and strategic metals in British Colombia, Canada. It holds a 100% interest in MAX Molybdenum Project located in Revelstoke Mining Division; Foremore VMS-Gold Project located in Liard Mining Division; and SeaGold Project, which consists of 160 units in 8 claim blocks, covering an area of approximately 40 square kilometers, centered on various gold and copper occurrences located in Liard Mining Division. The company also has an option to acquire a 100% interest in 513 hectares contiguous with the Tin City property; and 100% interest in the Butters Peak Molybdenum property...Roca Mines Inc (ROCAF:OTC)
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Market Cap
39.3M
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Total Revenue
29.7M
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EBITDA
6.9M
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DILUTED EPS TTM
-0.28
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P/E
--
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P/S
1.4x
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Return On Asset
-49.24
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Return On Equity
-52.43
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| K = Thousands M = Millions B = Billions | ||
ROCAF Top Compensated Officers
Executives, Board Directors
Key developments for Roca Mines Inc (ROCAF)
Roca Mines Inc. announced that it has recently completed a recent geological review and program-planning visit to the Nuevo Milenio Gold/Silver project. The work included a comprehensive review of past drill sites, trenches, Spanish-era workings, new mapping by Cream Minerals (CMA) and re-logging of eight diamond drill holes. The geological team has recommended a new diamond drill program be undertaken to provide confirmation of selected drill holes for direct comparison to grades in zones of known poor recovery. Initially these will include twinning diamond drill holes DDH02-06, DDH07-23, DDH06-03 (or DDH03-12) and possibly DDH 01-06 and DDH07-32. It is anticipated that significantly improved drilling techniques will enhance core recovery and will capture previously unrecorded free gold and silver possibly resulting in much improved drill assay results. In part, the objective of the program is to reconcile the wide differences in CMA drill assay results versus much higher underground channel sample assays particularly in respect to gold values. To facilitate this program, roads and ditches will be improved to provide access to various parts of the property.
Roca Mines Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended May 31, 2009. For the quarter, the company recorded production revenues of CAD 5,584,156 and a net loss of CAD 9,610,888 or CAD 0.11 per share versus revenues of CAD 6,275,767 and earnings of CAD 1,516,846 for the three months ended May 31, 2008. Loss from operations was CAD 14,787,174. Losses before taxes were CAD 14,841,641. Cash from operating activities was CAD 1 million or CAD 0.01 per share. For the nine months, the company recorded production revenues of CAD 17,162,010 and a net loss of CAD 21,460,930 or CAD 0.25 per share, the most significant charge being depletion, amortization and accretion costs of CAD 35,852,385 (the company has been amortizing capital start-up costs of approximately CAD 55 million over the Phase I mine plan of only 183,974 tonnes). Cash flows from operations totaled CAD 6,363,087 or CAD 0.075 per share. Loss from operation was CAD 33,752,728. Losses before taxes were CAD 33,080,888.
Roca Mines Inc. announced that it has entered into an option agreement with Cream Minerals Ltd. to acquire up to a 70% interest in CMA's Nuevo Milenio Project. Roca has assessed many advanced stage project opportunities over the past months that could provide the following benefits to the Company; Revenue growth through the potential near-term development of new mining operations, Broadening exposure to alternative mining-friendly jurisdictions and Diversified metals production that could provide a natural hedge to global economic and financial conditions. CMA's 100% owned Nuevo Milenio Project encompasses 2,560 Hectares (Ha) and is located 27 kilometres (km) by road from Tepic, the capital city of Nayarit State, Mexico. Tepic is an important commercial centre with a population of over 300,000 people located 150 km northeast of Puerto Vallarta. Access to railway, airport, power lines and water are within reasonable distance of the Nuevo Milenio Project providing cost effective access to infrastructure. The Property contains low sulphidation, epithermal gold-silver resources comprised of mineralization in quartz veins and stockwork zones in Miocene volcanics within a collapsed caldera structure. Work by CMA has outlined four mineralized zones consisting of sub-parallel vein-stockwork systems: the Veta Tomas, Dos Hornos 1, Dos Hornos 2, (Dos Hornos Zone) Once Bocas and Chacuaco Zones. A recent resource estimate comprising only the Veta Tomas, Dos Hornos Zone and Once Bocas Zones represents multiple mineralized systems and includes Spanish-era workings highlighting excellent ground conditions. The ancient workings were clearly exploratory only and had limited production.
ROCAF Competitors
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Industry Analysis
| Valuation | ROCAF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.4x |
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| Price/Book | 1.2x |
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| Price/Cash Flow | 1.8x |
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| TEV/Sales | 1.4x |
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ROCAF transactions
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| No transactions in the last 6 months. | ||
