Sadie Green’s in Sturbridge MA is doing a great job with a business performance score of 61%. We want to get it in the 70s within 6 months.

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As a service to the companies we follow, we make available our Business Performance Reports.  These reports are designed to analyze how the business performs, with suggestions on how it may be improved.  This is based on our experience working with publicly held corporations.  Note that we are not reviewing the quality of your products and services.  All research comments are meant to be constructive.  Reports are strictly for business owners, not for their customers.

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The Consulting Staff at Performance Business Design

Lutco scores an impressive 71%. We’d like to boost it to 80+%, on par with the publicly held corporations we meet with regularly.

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As a service to the companies we follow, we make available our Business Performance Reports.  These reports are designed to analyze how the business performs, with suggestions on how it may be improved.  This is based on our experience working with publicly held corporations.  Note that we are not reviewing the quality of your products and services.  All research comments are meant to be constructive.  Reports are strictly for business owners, not for their customers.

A copy of your report can be obtained by contacting us by phone or emailing info@performancebusinessdesign.com.

Regards,

The Consulting Staff at Performance Business Design

Barkerville Gold scored a respectable 71% in a difficult environment for commodities

Pond Chairs 1509 80%

BARKERVILLE BUSINESS PERFORMANCE: 71%

MAY 2016

 

                ASSET PERFORMANCE FACTORS (all are 1 to 10)

BLUE SKY  3

They have plenty of claims to explore, particularly since they just acquired some new claims Their focus is rightfully on pushing what they have to feasibility and production They previously announced an enormous resource which later proved fictitious

REGULATORY ISSUES 4

They need permits for mining and British Columbia is difficult to permit in Though I expect it to get done eventually

COUNTRY RISK 10

British Columbia is sound

PROPERTIES 10

Bonanza Ledge is shallow and open pit

High grades

2.8M ounces indicated and 2M inferred is a large resource nowadays

EXTERNAL FACTORS

MARKETPLACE (supply/demand, financing environment) 3 Gold prices are very low, making it unprofitable to produce for most miners Financing is difficult to impossible Though they have access to deep pockets

PEER VALUATION 7

They are valued at $31/ounce (inferred and indicated), which is a bit high I’d prefer to see it about $25/ounce That said, if plans go as expected they will be worth a lot more than their present $150 million MV

BUSINESS STRATEGY (and operations) 10

Their business strategy is sound: explore while pushing to production

INTERNAL FACTORS

MANAGEMENT (Ownership, g&a) 10

Experienced management in a variety of functions

FINANCIAL STRATEGY  (cash, overhang) 4

Plenty of cash for this year into the next If they find more gold or get closer to production they should be able to attain more financing Nonetheless they are not producing cash flow right now

PROJECT MANAGEMENT AND DIRECTION 10

They have clear milestones, both past and present VI. THE PRESENTATION General (1-7)

Stuck to the presentation?          4

Sophistication appropriate?        3 NOt much financial detail

Easy to read?                                     7

Appropriate length?                       3 Short

Control of emotions, politics       7

Handled questions well                 7

 

The Handouts

Page numbers?                                                Y

Peer comparisons                            n

Management Bios?                         y

Price chart                                           n

Financial forecasts                           n

Budgets                                               n

 

Projects and timelines

Timeline?                                            n

Project pipeline?                                              n

Permitting timeline                         n

Mining charts                                     Y

Milestones?                                       y

This year’s drilling Program          n

 

Other notes:

Michael Emerald, CFA

Theralase, With a Credible Cure for Cancer, Has Dynamite Investment Potential and a Business Performance Rating of 78%

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THERALASE BUSINESS PERFORMANCE RATING: 78%

May, 2016

RATINGS (1-10)

ASSET PERFORMANCE FACTORS

BLUE SKY  9

These are both brand new products

There are laser therapeutics already in use by competitiors, though they claim their’s is superior I didn’t see any evidence in the presentation that their’s is superior to competitor’s The cancer drug is novel

COMPETITIVE AND INTELLECTUAL PROPERTY RISKS 8 They have patents on all of it As discussed above, there are competitors already in the laser therapeutics division To me, it sounds as though other companies could copy the approach to laser cancer treatment, since the mechanism by which their drug targets the cancer cell is well-described.  And I suspect a bright scientist can figure out how to make a cell with a light-activated mechanism

PRODUCT MIX 4

I like that one product has a currently cash-flow positive characteristic, which will support the clinical tests on the Laser cancer division I also like the diversification They have only 2 products, one of which is not ready for commercialization

PRODUCT VALUE 8

I didn’t see any proof that the laser therapeutic is superior to competitive products I did see great evidence that the cancer treatment is effective

 

EXTERNAL FACTORS

MARKETPLACE 10

The market is huge for both, and growing

PEER VALUATION 10

The stock is cheap given its potential

BUSINESS STRATEGY 10

Their strategy is sound, especially building a direct sales force

 

INTERNAL FACTORS

MANAGEMENT 9

Management knows it’s stuff

G&A is 6% of MV, which is high, but to be expected given the R&D and sales Insider ownership is a sizeable 7%

CAPITALIZATION AND FINANCIAL STRATEGY 4

Overhang is high, at 35% or so.  I’d prefer it under 25% Cash will last a year or less They will need to raise equity at low 0.30 cent prices

MARKETING AND OPERATIONS 6

They will need to build a direct sales force, which will be expensive