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
66 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
66 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 66 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 66 Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare 66 Resources's earnings growth to the Canada market average as no estimate data is available.
Unable to compare 66 Resources's revenue growth to the Canada market average as no estimate data is available.
Unable to determine if 66 Resources is high growth as no earnings estimate data is available.
Unable to determine if 66 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.
66 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.
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.
Mr. Michael R. Dake, also known as Mike, has been Chief Executive Officer and Corporate Secretary at Cayenne Capital Corp since October 15, 2015 and September 09, 2016 respectively. Mr. Dake served as President of Smooth Rock Ventures Corp. from July 2011 until June 13, 2018. Mr. Dake served as the President, Chief Executive Officer and Secretary of Eastern Zinc Corp. (formerly Cricket Resources, Inc.) from June 2008 until March 31, 2019. Mr. Dake has been the President of Creston Capital Corp since March 2010. He has been Chief Executive Officer of Pure Energy Minerals Limited since March 13, 2012. He served as Interim Chief Executive Officer at Pure Energy Minerals Limited until October 2012. He served as an Interim Chief Executive Officer and Interim President of Emperor Oil Ltd. from September 30, 2013 until July 25, 2014. Mr. Dake served as the Chief Executive Officer of Harmony Gold Corp. from March 13, 2012 to October 18, 2012. He has experience in providing financing, Investor Relations and corporate communication services to public companies. He began his career with PhotoChannel Networks Ltd and worked here from September 1999 to October 2000. Since that time, he has worked in the Investor Relations capacity for Appareo Software Inc. from May 2000 to October 2002; Tyner Resources from January 2003 to April 2007; AMI Resources Inc. from April 2007 to March 2009 and Westminster Resources from March 2009 to February 2010. He served as a Director of Smooth Rock Ventures Corp. from July 22, 2011 to June 13, 2018. He has been a Director of Cayenne Capital Corp since October 15, 2015. He served as a Director of Eastern Zinc Corp. from June 2008 until March 31, 2019. He has been a Director of Pure Energy Minerals Limited since March 13, 2012. He served as a Director of Shamrock Enterprises Inc. from April 17, 2008 to March 30, 2017. He served as a Director of Emperor Oil Ltd. from September 30, 2013 to August 25, 2014. He served as a Director of Portofino Resources Inc. from March 05, 2015 until August 2016. He served as a Director of Taipan Resources Inc. (now Molori Energy Inc.) from May 30, 2011 until July 2012 and New Destiny Mining Corp from November 17, 2011 until November 2012. Mr. Dake serves as the Chief Executive Officer and Director at 66 Resources Corp. Mr. Dake completed the Public Companies Financing, Governance and Compliance course from Simon Fraser University in 2008.
Mike's compensation has increased whilst company is loss making.
Mike's remuneration is lower than average for companies of similar size in Canada.
CEO & Director
CFO, Corporate Secretary & Director
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the 66 Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors
CEO & Director
CFO, Corporate Secretary & Director
Who owns this company?
Recent Insider Trading
More shares have been bought than sold by 66 Resources individual insiders in the past 3 months, but not in substantial volumes.
66 Resources Corp. engages in the acquisition, exploration, and development of mineral resource properties in Canada. The company holds a 100% interest in the Champ property located in the Greenwood Mining district of British Columbia. 66 Resources Corp. was incorporated in 2017 and is based in Vancouver, Canada.
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.