Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Golden Birch Resources Inc. (C:GBRX)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 140 Cook's Lake Road
Tel: N/A
IR: See website
Key People
Business Overview
PNG Copper Inc., formerly Golden Birch Resources Inc., is a Canada-based mineral exploration company. The principal business of the Company is the acquisition, exploration and development of mineral property interests in Papua New Guinea. The Company's mineral property is Keveri Property. The Keveri Property is located in the Abau District of the Central Province in Papua New Guinea (PNG). The Keveri Property is approximately 200 kilometers south east of Port Moresby. The deposit types explored at the Keveri Property is porphyry copper-gold. The Company has designed 3,000 meter drill program to test the three drill-ready Copper-Gold Porphyry targets, Waki, Urua, and Omu along with a nickel target, Doriri. The program helps to test geophysical targets, existing trenches and further investigate some historical shallow drill holes.
Financial Overview
For the six months ended 30 June 2021, PNG CopperInc revenues was not reported. Net loss increased 10% toC$1.6M. Higher net loss reflects Exploration and evaluationexpenses increase of 10% to C$1.1M (expense), Share-basedpayments increase of 98% to C$65K (expense), Professionalfees increase of 13% to C$185K (expense). Basic Earningsper Share excluding Extraordinary Items remained flat at-C$0.02.
Reporting Currency: Canadian Dollars
Enterprise value: $8.26M as of Jun 30, 2021
Annual revenue (TTM): $0.00M as of Jun 30, 2021
EBITDA (TTM): -$2.96M as of Jun 30, 2021
Net annual income (TTM): -$3.01M as of Jun 30, 2021
Free cash flow (TTM): -$2.73M as of Jun 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 97,012,457 as of Sep 7, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization