1. Market capitalization

Issued shares (millions) value $ million
Guidelines: Prefer market capitalization over 50 million

2. Cashflow

Money in the bank $ million
Monthly outflow $ => rights call in months
Percent exploration costs %
Guidelines: Prefer more than 50 percent of cashflow on productive exploration and more than 6 months till a rights call.

3. Price chart

Longer term, is the price chart generally trending UP, SIDEWAYS, or DOWN?

Price direction

Are there signs of accumulation (such as volume spikes on lows)?

Signs of accumulation
Current trading volume million => $ million
Percent of issued shares %
Guidelines: More than 1 % of issued shares very high trading volume.

4. Revenue (R)

Current FY $ FY-1 $ FY-2 $ million

Guidelines: Prefer steadily rising revenue

5. Profit (P)

Current FY $ FY-1 $ FY-2 $ million

Guidelines: Prefer steadily rising profit

6. Long term debt (D)

Debt $ million %

Guidelines: Prefer long term debt less than 90 percent of revenue

7. Ore Reserves

Gold price $/oz
Concentration g/t
Inferred Kt => Koz => Value $ million
Proven Kt => Koz => Value $ million
Guidelines:

8. Extraction cost

Cost $/oz

Guidelines: Prefer Gold extraction cost below $1000/oz

9. Annual Production

Current Koz, $ million, profit $ million
Start production months

Guidelines: Prefer production imminent

10. Net tangible assets (N)

Assets $ million Assets/share $

Guidelines: Prefer N greater than share price

11. Directors

(a) Good names /10
b) They stay around /10
c) Hold stock /10
Guidelines: Prefer CEO not too old, a track record, doesn't move too much and holds stock.

12. Dividends

Expected 6 month dividend $ annualized dividend %
Months till first dividend months

Guidelines: Prefer approaching first dividend and dividend around 5 percent