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Category: Junior: Late Stage Development
Rating & Risk: Login to view
Canarc Resource Corp.
www: www.canarc.net     email: info@canarc.net

Profile
Notes
Wiki

Price Data

Symbol Date Price Change 52 Wk Range Volume
OTCBB:CRCUF 11/28/2014 USD 0.0338 -0.0012 0.1200 - 0.0300 73,740
TSE:CCM 11/28/2014 CAD 0.04 0.00 0.13 - 0.03 56,921
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Summary (from last analysis - 05/17/2014)

Canarc Resources has an advanced project in Alaska that looks promising. Their New Polaris project is a 1.1 million oz resource, averaging 11 gpt. They have a PEA for 72,000 oz of production for 10 years with low cash costs around $500. The IRR is 38% pre-tax at $1200 gold, so it will likely get built. They have a FD market cap of $11 million, so it has big upside potential. If they can raise money for the feasibility study (about $9 million), this stock could become very attractive. Raising that money will require substantial share dilution. They have $2 million in cash, so they need another $7.

They also have two other large 100% owned projects. The first is called Tay-LP in the Yukon on 20,000 acres. Early drill results have been good and they have many, many targets to drill. The second is the Windfall Hills project in British Columbia on 10,000 acres, and it is drill ready. Lastly, their Devil Thumb project has three early exploration properties. All together, the upside looks promising from this cheap valuation.

There are so many cheap stocks out there that it has become very difficult to know which to pick. This is another example. This risk/reward looks pretty good, but not great. However, if they get New Polaris into production, increase its resources and then find a second mine, the upside could be enormous. Of course that is simply what-if speculation. But it's nice to see that they have it.

General Details

Financial 05/17/2014
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (Fully Diluted): $10.77M $5.51M 05/17/2014 $-5.26M
Total Assets: $14.79M $13.47M 09/30/2014 $-1.32M
Total Liabilities: $1.70M $0.93M 09/30/2014 $-0.77M
Current Assets: $1.14M $1.33M 09/30/2014 $0.19M
Current Liabilities: $1.70M $0.93M 09/30/2014 $-0.77M
Total Debt: $0.00M $0.00M 09/30/2014 $0.00M
Cash: $2.00M $0.91M 09/30/2014 $-1.09M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Finance within 1 year: 05/17/2014 n/a
Misc 05/17/2014
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Share Price: $0.060 $0.031 09:11 on 11/28/2014 $-0.03
Shares Outstanding: 152,000,000 157,440,000 09/30/2014 5,440,000
Shares Fully Diluted: 180,000,000 180,000,000 05/17/2014 0
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 05/17/2014 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
05/17/2014 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
05/17/2014 0
Initial CapEx (Outstanding): n/a n/a 05/17/2014 n/a
Funding Option: n/a n/a 05/17/2014 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 05/17/2014 0.00%

Resource Data

GOLD 05/17/2014
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 05/17/2014 0.00M
Measured & Indicated: 0.50M 0.50M 05/17/2014 0.00M
Inferred: 0.60M 0.60M 05/17/2014 0.00M
Reserves & Resources: 1.10M 1.10M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 05/17/2014 0.00M
Measured & Indicated: 0.36M 0.36M 05/17/2014 0.00M
Inferred: 0.27M 0.27M 05/17/2014 0.00M
Reserves & Resources: 0.63M 0.63M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/17/2014 $0.00
Extra Operating Cost: n/a n/a 05/17/2014 $0.00
Average Grade: 10.00 g/t 10.00 g/t 05/17/2014 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 05/17/2014 0.00%
F
U
T
U
R
E
Proven & Probable: 0.75M 0.75M 05/17/2014 0.00M
Annual Production: 72,000oz. 72,000oz. 05/17/2014 0oz.
Cash Cost: $600 $600 05/17/2014 $0
Extra Operating Cost: $400 $400 05/17/2014 $0
SILVER 05/17/2014
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 05/17/2014 0.00M
Measured & Indicated: n/a n/a 05/17/2014 0.00M
Inferred: n/a n/a 05/17/2014 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 05/17/2014 0.00M
Measured & Indicated: n/a n/a 05/17/2014 0.00M
Inferred: n/a n/a 05/17/2014 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/17/2014 $0.00
Extra Operating Cost: n/a n/a 05/17/2014 $0.00
Average Grade: n/a n/a 05/17/2014 n/a
Recovery Rate: n/a n/a 05/17/2014 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 05/17/2014 0.00M
Annual Production: n/a n/a 05/17/2014 n/a
Cash Cost: n/a n/a 05/17/2014 n/a
Extra Operating Cost: n/a n/a 05/17/2014 n/a

Property

Last Analysis Data  (05/17/2014)
Stage Location Name Owned Size (Ha) Type Gold Silver Notes
Development British Columbia, Canada New Polaris 100% n/a n/a show
PEA completed. $100 million capex. $500 cash costs. 72,000 production for 10 years.

Need $9 million for the feasibility study.
Exploration Yukon, Canada Tay-LP 100% 8,000 n/a show
Early exploration.
Exploration Burns Lake, Canada Windfall Hills 100% (guess) 3,800 n/a show
Early exploration
Total Land Package Size (ha): 11,800  
Current Data
Stage Location Name Owned Size (Ha) Type Gold Silver Notes
Development British Columbia, Canada New Polaris 100% n/a n/a show
PEA completed. $100 million capex. $500 cash costs. 72,000 production for 10 years.

Need $9 million for the feasibility study.
Exploration Yukon, Canada Tay-LP 100% 8,000 n/a show
Early exploration.
Exploration Burns Lake, Canada Windfall Hills 100% (guess) 3,800 n/a show
Early exploration
Total Land Package Size (ha): 11,800  

Profitability (by resource)

Proven &
Probable
05/17/2014
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD Mkt. Cap / Gold Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Silver Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Per Metal
as % Spot Price:
n/a n/a n/a 0.00%
Measured &
Indicated
05/17/2014
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.50M 0.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 4.34M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.36M 0.36M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 3.12M
Maximum Profit (Gold): $73.69M $42.39M n/a $-31.30M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $73.69M $42.39M n/a $-31.30M
Max Profit / Current MCap: 6.841 7.693 n/a 0.852
Max Profit Per Share (Gold): $0.41 $0.24 n/a $-0.17
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.41 $0.24 n/a $-0.17
Total Free Profit Per Share: $0.34 $0.20 n/a $-0.14
FD Mkt. Cap / Gold Eq.: $29.92 $15.31 n/a $-14.62
FD Mkt. Cap / Silver Eq.: $0.45 $0.20 n/a $-0.25
FD Mkt. Cap / Per Metal
as % Spot Price:
2.32% 1.31% n/a -1.00%

Reserves &
Resources
05/17/2014
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 1.10M 1.10M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 9.54M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.63M 0.63M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 5.46M
Maximum Profit (Gold): $128.96M $74.18M n/a $-54.78M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $128.96M $74.18M n/a $-54.78M
Max Profit / Current MCap: 11.972 13.463 n/a 1.491
Max Profit Per Share (Gold): $0.72 $0.41 n/a $-0.30
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.72 $0.41 n/a $-0.30
Total Free Profit Per Share: $0.65 $0.38 n/a $-0.27
FD Mkt. Cap / Gold Eq.: $17.10 $8.75 n/a $-8.35
FD Mkt. Cap / Silver Eq.: $0.26 $0.12 n/a $-0.14
FD Mkt. Cap / Per Metal
as % Spot Price:
1.32% 0.75% n/a -0.57%

Future Valuation (Cash Flow & Totals)

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