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PAPILLON RESOURCES LIMITED (PIR)

PAPILLON RESOURCES LIMITED (PIR)

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General Information
Company Name: Papillon Resources Limited
Stock Code: PIR
Website: www.colonialresources.com.au
GICS Sub-Industry: Gold
Market Cap ($M): 224
Equiv. Shares (M): 244

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.920 $ 0.920 $ 0.940 $ 0.910 $ 0.910 417,342 $ 0.010  1.099 %

Company Overview

Business Description:
Papillon Resources Ltd (PIR, formerly Colonial Resources Limited) is based in Perth Western Australia. Papillon's primary focus is its gold assets in Mali, West Africa. Exploration is focussed on the recent Fekola gold discovery, the Fekola Corridor and the proximal exploration targets.

Strategy Analysis:
Papillon Resources aims to establish itself as a gold producer with a primary focus on West African assets. There are no plans to diversify away from these metals as the company remains focused on being a low cost producer.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2011  A -1.6 -0.9 -- 0.0 0.0 0.0 --
2010  A -1.5 -2.5 -- 0.0 0.0 0.0 --
2009  A -0.3 -0.4 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F
Newcrest Mining (NCM) $19,048 M -0.0667 0.0087 0.2610 16.9330 16.7869 13.3119 0.0201 0.0141 0.0158
Oz Minerals (OZL) $2,510 M -0.3975 -0.3391 0.1668 7.4560 11.2823 9.6694 0.0738 0.0462 0.0492
Papillon Resources (PIR) $222 M -- -- -- -- -- -- 0.0000 -- --
Regis Resources (RRL) $1,745 M -- 0.7927 2.3481 45.1991 25.2123 7.5302 0.0000 0.0000 0.0298
Sundance Resources (SDL) $1,217 M -- -- -- -- -- -- 0.0000 0.0000 0.0000

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
PIR -- -- 7.38 -- --
Market 1.12 11.1 0.96 2.31 2.55
Sector 0.41 9.48 1.05 1.04 14.3

Directors
Name Position Start Date
Mr Alan Neville Campbell Managing Director 18 December 2009
Mr Ian Peter Middlemas Non-Executive Chairman 27 May 2011
Mr Peter Woodman Non-Executive Director 27 May 2011

Management
Name Position
Dennis William Wilkins Company Secretary
Richard Dahl Exploration Manager, Mali
Eric Chantelat Operations Manager, Mali

Substantial Shareholders
Holding Name
14,113,000 (6.94%) Goodman and Co

Calendar of Events
Date Event
29 April 2013 Report (Quarterly)
29 January 2013 Report (Quarterly)
26 October 2012 Report (Quarterly)
24 October 2012 Report (Annual)
30 July 2012 Report (Quarterly)
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