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DRAKE RESOURCES LIMITED (DRK)


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General Information
Company Name: Drake Resources Limited
Stock Code: DRK
Website: www.drakeresources.com.au
GICS Sub-Industry: Gold
Market Cap ($M): 3
Equiv. Shares (M): 104

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.028 $ 0.000 $ 0.000 $ 0.000 $ 0.028 0 0%

Company Overview

Business Description:
Drake Resources (DRK) is an Australian gold and base metals explorer with prospective projects in Scandinavia and West Africa. Projects in Scandinavia focus on nickel and copper both open pit and underground in Sweden, Norway, and Finland. Projects in West Africa focus on gold in three regions namely Muaritania, Guinea, and Senegal.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -3.2 -4.0 -- 0.0 0.0 0.0 --
2011  A -1.5 -2.6 -236.8 0.0 0.0 0.0 --
2010  A 1.2 1.9 -- 10.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Beadell Resources (BDR) $523 M -- -- 0.1940 -- 3.9583 3.3151 0.0000 0.0000 0.0477
Drake Resources (DRK) $3 M -- -- -- -- -- -- 0.0000 -- --
Newcrest Mining (NCM) $8,547 M -0.0378 -0.4892 0.0930 7.8804 15.4261 14.1139 0.0314 0.0174 0.0224
OZ Minerals (OZL) $1,241 M -0.6077 -- -- 9.8199 -- 39.4788 0.0733 0.0108 0.0212
Regis Resources (RRL) $1,642 M 0.7775 1.2121 0.3428 22.7273 10.2740 7.6514 0.0000 0.0580 0.0850

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
DRK -- -- 0.16 -- 12.2
Market 0.94 12.5 0.82 1.96 2.44
Sector 0.54 8.13 0.58 2.01 6.08

Directors
Name Position Start Date
Mr Jay Richard Stephenson Company Secretary,Non-Executive Director 30 March 2004
Mr James Merrillees Executive Director 17 May 2011
Mr Brett Fraser Non-Executive Chairman 30 March 2004
Mr Robert (Bob) Beeson Non-Executive Director 17 November 2004

Management
Name Position
Jason Stirbinskis Chief Executive Officer

Calendar of Events
Date Event
21 April 2014 Report (Quarterly)
30 January 2014 Report (Quarterly)
30 October 2013 Report (Quarterly)
27 September 2013 Report (Annual)
30 July 2013 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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