Nine Mile Metals (Nine Mile Metals) Net Cash per Share : $0.01 (As of Dec. 2023)

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What is Nine Mile Metals Net Cash per Share?

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). Nine Mile Metals's Net Cash per Share for the quarter that ended in Dec. 2023 was $0.01.

The historical rank and industry rank for Nine Mile Metals's Net Cash per Share or its related term are showing as below:

VMSXF' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 3.25 Med: 12 Max: 30
Current: 5.65

During the past 5 years, the highest Price-to-Net-Cash Ratio of Nine Mile Metals was 30.00. The lowest was 3.25. And the median was 12.00.

VMSXF's Price-to-Net-Cash is ranked worse than
59.66% of 828 companies
in the Metals & Mining industry
Industry Median: 5.5 vs VMSXF: 5.65

Nine Mile Metals Net Cash per Share Historical Data

The historical data trend for Nine Mile Metals's Net Cash per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nine Mile Metals Net Cash per Share Chart

Nine Mile Metals Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Net Cash per Share

0.07

0.02

0.03

0.01

Nine Mile Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Net Cash per Share	Get a 7-Day Free Trial															0.01	0.02	0.01	-	0.01

Competitive Comparison of Nine Mile Metals's Net Cash per Share

For the Gold subindustry, Nine Mile Metals's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nine Mile Metals's Price-to-Net-Cash Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Nine Mile Metals's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Nine Mile Metals's Price-to-Net-Cash falls into.

Nine Mile Metals Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

Nine Mile Metals's Net Cash per Share for the fiscal year that ended in Sep. 2023 is calculated as

	Net Cash per Share (A: Sep. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.33	-	0.126	-	0)	/	63.8434
=	0.00

Nine Mile Metals's Net Cash per Share for the quarter that ended in Dec. 2023 is calculated as

	Net Cash per Share (Q: Dec. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.965	-	0.426	-	0)	/	69.4684
=	0.01

Nine Mile Metals (OTCPK:VMSXF) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.

Nine Mile Metals Net Cash per Share Related Terms

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Nine Mile Metals (Nine Mile Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nine Mile Metals Ltd (OTCPK:VMSXF) » Definitions » Net Cash per Share

Comparable Companies

Traded in Other Exchanges

NINE:Canada

Address

350 - 1650 West 2nd Avenue, Vancouver, BC, CAN, V6J 1H4

Website

https://www.ninemilemetals.com

Nine Mile Metals Ltd is a gold exploration company focused on acquiring mineral properties. The principal business of the Company is to acquire, explore, and develop mineral properties and ultimately seek earnings by exploiting mineral claims. The company holds an interest in the Millennium Gold Property, Nine-mile brook, California lake, and Canoe lake. It conducts exploration activities in the United States.