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Michelin Mining

CNSX:MICH
Snowflake Description

Flawless balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MICH
CNSX
CA$3M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Michelin Mining Corp., a junior natural resource company, principally acquires and explores for mineral properties in Canada. The last earnings update was 178 days ago. More info.


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MICH Share Price and Events
7 Day Returns
-40%
CNSX:MICH
3.4%
CA Metals and Mining
1.3%
CA Market
1 Year Returns
-
CNSX:MICH
22%
CA Metals and Mining
-0.1%
CA Market
MICH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Michelin Mining (MICH) -40% -40% - - - -
CA Metals and Mining 3.4% 1.6% 9.1% 22% -11.7% 0.3%
CA Market 1.3% 4.2% 1.6% -0.1% 8.4% 5.7%
1 Year Return vs Industry and Market
  • No trading data on MICH.
  • No trading data on MICH.
Price Volatility
Industry
5yr Volatility vs Market

MICH Value

 Is Michelin Mining 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.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Michelin Mining. This is due to cash flow or dividend data being unavailable. The share price is CA$0.18.
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 Michelin Mining's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Michelin Mining's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:MICH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in CAD Not available
CNSX:MICH Share Price ** CNSX (2019-09-19) in CAD CA$0.18
Canada Metals and Mining Industry PE Ratio Median Figure of 99 Publicly-Listed Metals and Mining Companies 14.39x
Canada Market PE Ratio Median Figure of 539 Publicly-Listed Companies 14.14x

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

** Primary Listing of Michelin Mining.

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

  • Unable to compare the PE ratio to the industry average as no data exists.
  • Unable to calculate PE ratio for Michelin Mining, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Michelin Mining's expected growth come at a high price?
Raw Data
CNSX:MICH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 31 Publicly-Listed Metals and Mining Companies 1.06x
Canada Market PEG Ratio Median Figure of 245 Publicly-Listed Companies 1.02x

*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 Michelin Mining, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Michelin Mining's assets?
Raw Data
CNSX:MICH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in CAD Not available
CNSX:MICH Share Price * CNSX (2019-09-19) in CAD CA$0.18
Canada Metals and Mining Industry PB Ratio Median Figure of 1,098 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,457 Publicly-Listed Companies 1.43x
CNSX:MICH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:MICH Share Price ÷ Book Value per Share (both in CAD)

= 0.18 ÷ 0.03

5.8x

* Primary Listing of Michelin Mining.

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

  • Michelin Mining is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Michelin Mining'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. Michelin Mining 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.

MICH Future Performance

 How is Michelin Mining 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 Michelin Mining 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
34.8%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Michelin Mining expected to grow at an attractive rate?
  • Unable to compare Michelin Mining's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Michelin Mining's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Michelin Mining's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:MICH Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.8%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*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
CNSX:MICH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CNSX:MICH Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-11-30 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Michelin Mining is high growth as no earnings estimate data is available.
  • Unable to determine if Michelin Mining 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
CNSX:MICH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Michelin Mining Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:MICH Past Financials Data
Date (Data in CAD Millions) EPS *
2018-11-30

*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 Michelin Mining will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Michelin Mining's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Michelin Mining'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. Michelin Mining's competitive advantages and company strategy can generally be found in its financial reports archived 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 Michelin Mining'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 Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada 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.
Michelin Mining 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.

MICH Past Performance

  How has Michelin Mining 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 Michelin Mining'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.
  • Michelin Mining does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Michelin Mining's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Michelin Mining's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Michelin Mining'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 Michelin Mining Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:MICH Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 -0.06 0.06

*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 Michelin Mining has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Michelin Mining has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Michelin Mining improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Michelin Mining'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.
Michelin Mining 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.

MICH Health

 How is Michelin Mining'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 Michelin Mining's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Michelin Mining is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Michelin Mining has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Michelin Mining'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.
  • Low level of unsold assets.
  • Michelin Mining has no debt, it does not need to be 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 Michelin Mining Company Filings, last reported 9 months ago.

CNSX:MICH Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 0.45 0.00 0.46
  • Michelin Mining has no debt.
  • Michelin Mining has not taken on any debt in the past 5 years.
  • Michelin Mining has no debt, it does not need to be covered by operating cash flow.
  • Michelin Mining has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Michelin Mining'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. Michelin Mining has a total score of 6/6, 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.

MICH Dividends

 What is Michelin Mining'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 Michelin Mining dividends.
If you bought CA$2,000 of Michelin Mining shares you are expected to receive CA$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 Michelin Mining's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Michelin Mining'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
CNSX:MICH 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
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

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 Michelin Mining has not reported any payouts.
  • Unable to verify if Michelin Mining's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Michelin Mining's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Michelin Mining 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 Michelin Mining's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Michelin Mining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Michelin Mining 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.

MICH Management

 What is the CEO of Michelin Mining'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
Mark Brown
AGE 51
TENURE AS CEO 0.9 years
CEO Bio

Mr. Mark Thomas Brown, B.Comm., CPA, CA, serves as Director of Mountain Boy Minerals Ltd. since December 15, 2017 and served as its President and Chief Executive Officer from December 15, 2017 to June 27, 2018. Mr. Brown is Chief Executive Officer of Michelin Mining Corp. since October 18, 2018 and serves as its Director since August 16, 2018. He has been the Chief Financial Officer of Adamera Minerals Corp. since March 03, 2017. Mr. Brown has been the President of Pacific Opportunity Capital Ltd. since December 1997. He has been the Chief Financial Officer of Orestone Mining Corp. since July 2017. He has been the Chief Financial Officer of Redstar Gold Corp. since March 31, 2017. He served as the President of Strategem Capital Corporation. Mr. Brown has been Executive Chairman at Alianza Minerals Ltd. since April 30, 2015. He has been Interim Chief Executive Officer and Interim President at Paget Minerals Corp. since July 2016 and July 14, 2016 respectively. He has been the Chief Financial Officer of Pitchstone Exploration Ltd. since July 25, 2005. He serves as the Chief Financial Officer of Nevada Pacific Gold Ltd. He was the Chief Financial Officer and Secretary at Galileo Exploration Ltd. (Also known as Galileo Petroleum Ltd.) since March 01, 2008 until December 22, 2017 and since February 29, 2008 until December 22, 2017 respectively. Mr. Brown had been the Chief Executive Officer of Big Sky Petroleum Corporation since April 24, 2014 until December 03, 2018 and also had been its Interim President since April 2014 until December 03, 2018. Mr. Brown has been providing financial services to resource companies for 22 years. He served as Chief Financial Officer of Affinor Growers Inc. since October 1, 2015 to March 2018. He served as the Chief Executive Officer and President of Animas Resources Ltd. and also served as its Chief Financial Officer until July 10, 2007, Interim Chief Executive Officer and Interim President since December 2013. He served an Interim Chief Executive Officer of Big Sky Petroleum Corporation since April 2014, Chief Financial Officer and Secretary from November 30, 2011 to April 24, 2014. He served as Chief Financial Officer of Fortune Valley Resources Inc. since September 1, 2006. He served as an Interim Chief Executive Officer and Interim President at Estrella Gold Corporation until January 2013. He served as the Chief Executive Officer of Fox Resources Ltd. since May 14, 2008 and served as its President. He served as the Chief Financial Officer of Rare Element Resources Ltd. from 1999 to August 22, 2011. He was one of the founders and the financier of Rare Element Resources Ltd. He served as the Chief Financial Officer of Rye Patch Gold Corp. from September 1, 2006 to June 22, 2011. He served as the President at Avrupa Minerals Ltd. until July 8, 2010. He served as the Chief Financial Officer at Alianza Minerals Ltd. (formerly Almaden Minerals Ltd., Tarsis Resources Ltd.) from July 2007 to April 29, 2015 and also served as its Corporate Secretary from October 1, 2014 to April 29, 2015. He served as the Chief Financial Officer of White Gold Corp. (Formerly, G4G Resources Ltd.) from November 29, 2005 to November 7, 2008. He served as the Chief Financial Officer of White Tiger Mining Corp. (now Copper Lake Resources Ltd.) from October 11, 2007 to February 11, 2008. He served as a Treasurer of Sprott Resource Lending Corp. since June 1999. He served as the Controller of Northern Orion Explorations Ltd. and Eldorado Gold Corporation. He served as the Chief Financial Officer of Highway 50 Gold Corp. since June 18, 2004. He served as Chief Financial Officer of Jet Metal Corp. (Formerly, Crosshair Energy Corp.) from December 17, 2003 to May 2, 2006. He served as the Chief Financial Officer of Target Exploration & Mining Corp. until May 2, 2006. Since June 30, 1990, he served as Treasurer for Stockscape.com Tech. He served as Vice President of Pacific Opportunity Capital Ltd. He served as the Chief Financial Officer of Portal Resources Ltd. until October 12, 2005 and Chief Financial Officer and Secretary of Roca Mines Inc. until 2003. He served as Chief Financial Officer and Secretary of Deal Capital Ltd. He served as Chief Financial Officer and Secretary of Gateway Enterprises Ltd. He served as the President and Chief Executive Officer of Spartacus Capital Inc. Mr. Brown served as the Chief Financial Officer of Barker Minerals Ltd. His corporate activities include transactions, financings and corporate financial planning. From 1994 to 1996, he served as the Controller of Miramar Mining Corporation and was involved in acquisitions, cash management and control, equity financing and international tax planning. From 1990 to 1994, he worked with PricewaterhouseCoopers. From 1996 to 1998, Mr. Brown managed the finance department of Eldorado Gold Corporation through a significant growth phase, where he was involved in debt and equity financing, international acquisitions, corporate reporting and systems implementation. His corporate focus is merger and acquisition transactions, financing, strategic corporate planning and corporate development. He served as the Controller of two TSE 300 companies from 1996 to 1998. He served as an Interim Chief Executive Officer and Interim President of Alianza Holdings Ltd. until January 2013. He is also an Officer or Director of several publicly traded companies, including companies involved in mineral exploration, industrial operations and capital pool companies. He began his career as a Chartered Accountant working for Pricewaterhouse Coopers before working in senior financial management positions with public companies. He served as the Chairman of Sutter Gold Mining Inc. until May 21, 2019. He serves as the Executive Chairman at Avrupa Minerals Ltd. He served as the Chairman of Animas Resources Ltd. He is a Director of East West Petroleum Corp. since April 2019. He served as Director of Orestone Mining Corp. since August 29, 2017. He serves as a Director of Pacific Opportunity Capital Ltd. Mr. Brown has been a Director of Strategem Capital Corporation since September 10, 2001, Pitchstone Exploration Ltd. since March 20, 2012, Avrupa Minerals Ltd since January 23, 2008, Paget Minerals Corp. since November 13, 2016, Alianza Minerals Ltd. since October 2005 and Almaden Minerals Ltd. since June 28, 2011. He served as Independent Director of Sutter Gold Mining Inc. since June 29, 2006 until May 21, 2019. He was an Independent Director of Galileo Exploration Ltd. since August 14, 2000 until December 22, 2017. He served as a Director of Big Sky Petroleum Corporation since May 14, 2008 until December 03, 2018. He served as a Director of Animas Resources Ltd. since June 29, 2006. He served as Director of Rare Element Resources Ltd. from December 11, 2012 to April 18, 2013 and Estrella Gold Corporation (now Alianza Holdings Ltd.) since July 26, 2011. He served as a Director of Copper Lake Resources Ltd. since October 2007. Mr. B

CEO Compensation
  • Insufficient data for Mark to compare compensation growth.
  • Insufficient data for Mark to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team

Mark Brown

TITLE
CEO & Director
AGE
51
TENURE
0.9 yrs

Winnie Wong

TITLE
Chief Financial Officer
AGE
45
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Michelin Mining board of directors in years:

0.9
Average Tenure
51
Average Age
  • The average tenure for the Michelin Mining board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mark Brown

TITLE
CEO & Director
AGE
51
TENURE
1.1 yrs

Jim Bennett

TITLE
Director
AGE
52
TENURE
0.8 yrs

Marc Blythe

TITLE
Director
AGE
49
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Michelin Mining'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. Michelin Mining 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.

MICH News

Simply Wall St News

MICH Company Info

Description

Michelin Mining Corp., a junior natural resource company, principally acquires and explores for mineral properties in Canada. It holds a right to acquire up to a 70% interest in the Rude Creek Gold Project comprising 204 Yukon Quartz Mining claims covering an area of approximately 4,157 hectares in west-central Yukon. The company was incorporated in 2018 and is headquartered in Vancouver, Canada.

Details
Name: Michelin Mining Corp.
MICH
Exchange: CNSX
Founded: 2018
CA$2,987,190
16,595,501
Website: http://
Address: Michelin Mining Corp.
325 Howe Street,
Suite 410,
Vancouver,
British Columbia, V6C 1Z7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX MICH Common Shares Canadian National Stock Exchange CA CAD 19. Jun 2019
DB 4MM Common Shares Deutsche Boerse AG DE EUR 19. Jun 2019
Number of employees
Current staff
Staff numbers
0
Michelin Mining employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/22 00:55
End of day share price update: 2019/09/19 00:00
Last earnings filing: 2019/03/28
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/11/30


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.