Blue Note Mining Inc
Blue Note Mining Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for gold, base metals, and precious metals. The company primarily has interests in the Croinor gold project consisting of a mining lease of 90 hectares located east of Val-d'Or, Québec. It also holds interests in various gold exploration properties located in the V… Read more
Blue Note Mining Inc (BLNMF) - Net Assets
Latest net assets as of September 2012: $15.35 Million USD
Based on the latest financial reports, Blue Note Mining Inc (BLNMF) has net assets worth $15.35 Million USD as of September 2012.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($19.15 Million) and total liabilities ($3.80 Million). 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 | $15.35 Million |
| % of Total Assets | 80.14% |
| Annual Growth Rate | N/A |
| 5-Year Change | -86.73% |
| 10-Year Change | N/A |
| Growth Volatility | 1276.36 |
Blue Note Mining Inc - Net Assets Trend (2004–2011)
This chart illustrates how Blue Note Mining 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 Blue Note Mining Inc (2004–2011)
The table below shows the annual net assets of Blue Note Mining Inc from 2004 to 2011.
| Year | Net Assets | Change |
|---|---|---|
| 2011-12-31 | $14.82 Million | -16.20% |
| 2010-12-31 | $17.69 Million | +101.12% |
| 2009-12-31 | $8.79 Million | +117.88% |
| 2008-12-31 | $-49.18 Million | -144.04% |
| 2007-12-31 | $111.67 Million | +50.04% |
| 2006-12-31 | $74.43 Million | +3182.02% |
| 2005-12-31 | $2.27 Million | +1511956.00% |
| 2004-12-31 | $-150.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Blue Note Mining 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 907275700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2011)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $21.68 Million | 146.31% |
| Other Comprehensive Income | $-540.00K | -3.64% |
| Other Components | $2.75 Million | 18.55% |
| Total Equity | $14.82 Million | 100.00% |
Blue Note Mining Inc Competitors by Market Cap
The table below lists competitors of Blue Note Mining Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mesa Home Resources Inc
PINK:MHRE
|
$49.19 |
|
H C Slingsby PLC
LSE:SLNG
|
$49.27 |
|
in Style Group PLC
LSE:ITS
|
$49.50 |
|
CeCors Inc
PINK:CEOS
|
$49.69 |
|
EPISTEM HOLD
BE:D6M
|
$49.01 |
|
STERLING FINANCIAL HOLDINGS COMPANY PLC
XNSA:STERLINGNG
|
$48.96 |
|
Miton UK MicroCap Trust PLC
LSE:MINI
|
$48.88 |
|
Orient Telecoms
LSE:ORNT
|
$48.67 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Blue Note Mining Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2010 to 2011, total equity changed from 17,685,336 to 14,820,585, a change of -2,864,751 (-16.2%).
- Net loss of 2,547,109 reduced equity.
- Share repurchases of 319,867,193 reduced equity.
- Other comprehensive income decreased equity by 540,005.
- Other factors increased equity by 320,089,556.
Equity Change Factors (2010 to 2011)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.55 Million | -17.19% |
| Share Repurchases | $319.87 Million | -2158.26% |
| Other Comprehensive Income | $-540.00K | -3.64% |
| Other Changes | $320.09 Million | +2159.76% |
| Total Change | $- | -16.20% |
Book Value vs Market Value Analysis
This analysis compares Blue Note Mining 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: 0.04x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $0.00 | $0.01 | x |
| 2005-12-31 | $0.47 | $0.01 | x |
| 2006-12-31 | $0.56 | $0.01 | x |
| 2007-12-31 | $0.38 | $0.01 | x |
| 2008-12-31 | $-0.14 | $0.01 | x |
| 2009-12-31 | $0.03 | $0.01 | x |
| 2010-12-31 | $0.17 | $0.01 | x |
| 2011-12-31 | $0.11 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Blue Note Mining 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): -17.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.26%
- • Asset Turnover: 3.22x
- • Equity Multiplier: 1.25x
- Recent ROE (-17.19%) is below the historical average (8.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 0.00% | 0.00% | 0.00x | 0.00x | $-235.00 |
| 2005 | -17.28% | -19034.24% | 0.00x | 1.48x | $-618.69K |
| 2006 | -7.41% | -358.17% | 0.01x | 1.43x | $-12.96 Million |
| 2007 | -10.55% | -1112.82% | 0.01x | 1.82x | $-22.95 Million |
| 2008 | 0.00% | -265.64% | 1.42x | 0.00x | $-156.83 Million |
| 2009 | 134.66% | 73354.07% | 0.00x | 1.05x | $10.96 Million |
| 2010 | -16.13% | -19200.78% | 0.00x | 1.04x | $-4.62 Million |
| 2011 | -17.19% | -4.26% | 3.22x | 1.25x | $-4.03 Million |
Industry Comparison
This section compares Blue Note Mining Inc's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Blue Note Mining Inc (BLNMF) | $15.35 Million | 0.00% | 0.25x | $49.18 |
| Asia Broadband Inc (AABB) | $-384.18K | 0.00% | 0.00x | $228.54 |
| Altair Resources Inc (AAEEF) | $519.85K | -583.77% | 3.27x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $26.16 Million | -26.37% | 0.41x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-123.88K | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $-384.45K | 0.00% | 0.00x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-1.00 Million | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $11.40 Million | -19.68% | 0.16x | $14.34 Million |