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Category: Junior: Project Generator
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Canarc Resource Corp.
www: www.canarc.net     email: info@canarc.net

Profile
Notes
Wiki

Price Data

Symbol Date Price Change 52 Wk Low 52 Wk High Volume
OTCBB:CRCUF 04/17/2014 USD 0.090 -0.004 0.030 0.130 63,232
TSE:CCM 04/17/2014 CAD 0.095 -0.010 0.040 0.130 74,771
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Summary (from last analysis - 06/01/2013)

Canarc Resources is a Project Generator focusing in Canada. They have some good properties, yet investors have stayed away. 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. If they get a JV deal, then we will know their equity interest. That project could make them a 3 bagger - with a good option deal. They have a fully diluted market cap of $12 million.

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. However, there are a few red flags: 1) Why hasn't the company made a JV deal for New Polaris? It seems like a slam dunk project with low capex of $75 million and an NPV at $195 million (at $1200 gold). 2) Why hasn't the company advanced their other two projects? 3) They are out of cash and face financing and dilution issues.

Note: Their website implies that they are an exploration and development company with the expertise to build and operate mines, but I think they are a project generator.
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General Details

Financial 06/01/2013
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (Fully Diluted): $12.64M $11.92M 06/01/2013 $-0.73M
Total Assets: $14.79M $14.79M 06/01/2013 $0.00M
Total Liabilities: $1.70M $1.70M 06/01/2013 $0.00M
Current Assets: $1.14M $1.14M 06/01/2013 $0.00M
Current Liabilities: $1.70M $1.70M 06/01/2013 $0.00M
Total Debt: $0.00M $0.00M 06/01/2013 $0.00M
Cash: $0.07M $0.07M 06/01/2013 $0.00M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Finance within 1 year: 06/01/2013 n/a
Misc 06/01/2013
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Share Price: $0.092 $0.086 14:04 on 04/17/2014 $-0.01
Shares Oustanding: 113,000,000 113,000,000 06/01/2013 0
Shares Fully Diluted: 138,000,000 138,000,000 06/01/2013 0
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 06/01/2013 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
06/01/2013 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
06/01/2013 0
Initial CapEx (Outstanding): n/a n/a 06/01/2013 n/a
Funding Option: n/a n/a 06/01/2013 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 06/01/2013 0.00%

Resource Data

GOLD 06/01/2013
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 06/01/2013 0.00M
Measured & Indicated: 0.00M 0.00M 06/01/2013 0.00M
Inferred: 0.00M 0.00M 06/01/2013 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 06/01/2013 0.00M
Measured & Indicated: 0.00M 0.00M 06/01/2013 0.00M
Inferred: 0.00M 0.00M 06/01/2013 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 06/01/2013 $0.00
Extra Operating Cost: n/a n/a 06/01/2013 $0.00
Average Grade: n/a n/a 06/01/2013 n/a
Recovery Rate: n/a n/a 06/01/2013 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 06/01/2013 0.00M
Annual Production: n/a n/a 06/01/2013 n/a
Cash Cost: n/a n/a 06/01/2013 n/a
Extra Operating Cost: n/a n/a 06/01/2013 n/a
SILVER 06/01/2013
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 06/01/2013 0.00M
Measured & Indicated: n/a n/a 06/01/2013 0.00M
Inferred: n/a n/a 06/01/2013 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 06/01/2013 0.00M
Measured & Indicated: n/a n/a 06/01/2013 0.00M
Inferred: n/a n/a 06/01/2013 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 06/01/2013 $0.00
Extra Operating Cost: n/a n/a 06/01/2013 $0.00
Average Grade: n/a n/a 06/01/2013 n/a
Recovery Rate: n/a n/a 06/01/2013 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 06/01/2013 0.00M
Annual Production: n/a n/a 06/01/2013 n/a
Cash Cost: n/a n/a 06/01/2013 n/a
Extra Operating Cost: n/a n/a 06/01/2013 n/a

Property

Last Analysis Data  (06/01/2013)
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. Looking for a JV partner to build and operate the mine.
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. Looking for a JV partner to build and operate the mine.
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
06/01/2013
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
06/01/2013
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%

Reserves &
Resources
06/01/2013
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%

Future Valuation (Cash Flow & Totals)

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