Thesis Gold Ratios and Metrics

Market cap in millions CAD. Fiscal year is March - February.

Millions CAD. Fiscal year is Mar - Feb.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	May '25 May 16, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021	Feb '20 Feb 29, 2020	2015 - 2019
Market Capitalization	204	69	93	232	165	35	Upgrade
Market Cap Growth	29.40%	-25.75%	-60.04%	40.18%	369.11%	263.02%	Upgrade
Enterprise Value	201	58	75	225	124	30	Upgrade
Last Close Price	0.96	0.40	0.95	2.91	2.73	0.79	Upgrade
PE Ratio	-	77.37	-	-	-	-	Upgrade
PB Ratio	1.16	0.42	0.81	2.32	2.53	1.62	Upgrade
P/TBV Ratio	1.16	0.42	0.81	2.32	2.53	1.62	Upgrade
P/OCF Ratio	-	15.36	-	109.22	-	-	Upgrade
Debt / Equity Ratio	-	0	0.00	0.00	-	-	Upgrade
Quick Ratio	4.05	2.63	18.73	3.63	10.74	8.75	Upgrade
Current Ratio	4.48	2.93	19.16	3.67	10.78	8.84	Upgrade
Return on Equity (ROE)	-0.81%	0.64%	-4.55%	-14.94%	-10.93%	-28.72%	Upgrade
Return on Assets (ROA)	-1.62%	-1.67%	-1.90%	-7.89%	-7.16%	-11.93%	Upgrade
Return on Capital (ROIC)	-1.82%	-1.90%	-2.22%	-9.19%	-7.84%	-12.68%	Upgrade
Earnings Yield	-0.67%	1.29%	-5.25%	-5.33%	-2.88%	-10.92%	Upgrade
FCF Yield	-13.75%	-41.22%	-35.77%	-19.90%	-15.74%	-19.65%	Upgrade
Buyback Yield / Dilution	-58.07%	-59.54%	-30.83%	-27.61%	-86.99%	-124.24%	Upgrade

Updated Jan 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.