BMEX Gold Inc
Route 109 Resources Inc., a junior mining exploration company, engages in the acquisition, exploration, and development of gold and base metal properties in Canada. It holds 100% interests in the King Tut property that includes 120 contiguous claims covering an area of 5,333 hectares located in the Ligneris and Celoron townships, Province of Quebec; and the Dunlop Bay property, which comprises 76… Read more
BMEX Gold Inc (MRIRF) - Net Assets
Latest net assets as of November 2025: $15.11 Million USD
Based on the latest financial reports, BMEX Gold Inc (MRIRF) has net assets worth $15.11 Million USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($15.59 Million) and total liabilities ($480.39K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $15.11 Million |
| % of Total Assets | 96.92% |
| Annual Growth Rate | 82.1% |
| 5-Year Change | 16.64% |
| 10-Year Change | N/A |
| Growth Volatility | 488.47 |
BMEX Gold Inc - Net Assets Trend (2017–2025)
This chart illustrates how BMEX Gold Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for BMEX Gold Inc (2017–2025)
The table below shows the annual net assets of BMEX Gold Inc from 2017 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | $15.15 Million | -1.54% |
| 2024-08-31 | $15.39 Million | +7.63% |
| 2023-08-31 | $14.29 Million | +5.04% |
| 2022-08-31 | $13.61 Million | +4.78% |
| 2021-08-31 | $12.99 Million | +1507.20% |
| 2020-08-31 | $808.05K | +246.47% |
| 2019-08-31 | $233.23K | -43.01% |
| 2018-08-31 | $409.25K | +226.67% |
| 2017-08-31 | $125.28K | -- |
Equity Component Analysis
This analysis shows how different components contribute to BMEX Gold Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 497499400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $20.25 Million | 133.68% |
| Total Equity | $15.15 Million | 100.00% |
BMEX Gold Inc Competitors by Market Cap
The table below lists competitors of BMEX Gold Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Formuepleje Mix High
CO:FPIMHI
|
$499.20K |
|
LeoNovus Inc
PINK:LVNSF
|
$499.27K |
|
CAT Strategic Metals Corporation
PINK:CATTF
|
$499.37K |
|
Infrax Systems Inc
PINK:IFXY
|
$500.11K |
|
DOMINION RES
MU:DOD
|
$498.87K |
|
CHEESECAKE FACTORY (CF2.SG)
STU:CF2
|
$498.83K |
|
T2 Biosystms Inc
NASDAQ:TTOO
|
$498.71K |
|
POMM PROV ZUCK SIED
BE:PPZ
|
$498.46K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BMEX Gold Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 15,385,432 to 15,148,622, a change of -236,810 (-1.5%).
- Net loss of 236,810 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-236.81K | -1.56% |
| Total Change | $- | -1.54% |
Book Value vs Market Value Analysis
This analysis compares BMEX Gold Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.03x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.88x to 0.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-08-31 | $0.01 | $0.03 | x |
| 2018-08-31 | $0.03 | $0.03 | x |
| 2019-08-31 | $0.02 | $0.03 | x |
| 2020-08-31 | $0.03 | $0.03 | x |
| 2021-08-31 | $0.21 | $0.03 | x |
| 2022-08-31 | $0.20 | $0.03 | x |
| 2023-08-31 | $1.88 | $0.03 | x |
| 2024-08-31 | $0.93 | $0.03 | x |
| 2025-08-31 | $0.90 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BMEX Gold Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.03x
- Recent ROE (-1.56%) is above the historical average (-42.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -91.58% | 0.00% | 0.00x | 1.00x | $-415.72K |
| 2019 | -82.38% | 0.00% | 0.00x | 1.06x | $-215.45K |
| 2020 | -141.47% | 0.00% | 0.00x | 1.17x | $-1.22 Million |
| 2021 | -17.07% | 0.00% | 0.00x | 1.09x | $-3.52 Million |
| 2022 | -3.02% | 0.00% | 0.00x | 1.04x | $-1.77 Million |
| 2023 | -0.80% | 0.00% | 0.00x | 1.04x | $-1.54 Million |
| 2024 | -1.85% | 0.00% | 0.00x | 1.02x | $-1.82 Million |
| 2025 | -1.56% | 0.00% | 0.00x | 1.03x | $-1.75 Million |
Industry Comparison
This section compares BMEX Gold Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BMEX Gold Inc (MRIRF) | $15.11 Million | -91.58% | 0.03x | $498.87K |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |