-- Posted Tuesday, 23 July 2013 | | Disqus

VC+ Tickerscores: Using 20+ variables, we’ve analyzed 28 development companies with their main projects in BC. Here are the highlights of the data. In this report, we classify development companies as those that have completed a NI 43-101 compliant technical report. “Exploration” and “Production” are the two other categories we use and are covered as separate stages in our system.

Recap: BC Development Stocks

Today’s recap focuses on British Columbia gold and silver stocks that have a NI 43-101 technical report but are not yet producing.

Primary findings include:

• More insiders are buying than selling. 36% of companies had insiders buying YTD, while 43% were holding and 21% were selling.
• 30% of companies have less than $300,000 in their coffers
• On average, companies spend close to 60% on General and Administrative expenses (G&A expenses)
• Management scores were low. Almost 60% of scores were below 50/100. Reasons: low institutional and management ownership, low YTD insider buying, and high G&A expenses.
• 16 companies (57%) will run out of cash in less than 5 months and will have to re-finance
• 13 companies (46%) received a failing overall grade using our in-house Tickerscores algorithm

Conclusion: Even in tough market conditions, there are multiple BC development companies with strong cash positions, low burn rates, strong insider buying, and support from smart money. These companies are a good bet to emerge from the downturn to generate returns for shareholders. - See more at: http://www.visualcapitalist.com/tickerscores-recap-bc-development-stocks#sthash.ujjTW853.dpuf

-- Posted Tuesday, 23 July 2013 | Digg This Article | Source: GoldSeek.com

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