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Wishbone Gold PLC

Basic Resources First-pass screen £10m
180/1000 Overall fit
AI beneficiary 35% 15
Operating leverage 25% 15
Valuation 25% 20
Downside protection 15% 25

First-pass take

Pre-revenue mineral explorer with zero AI exposure. Burning £1.5m annually with only £125k cash; survives on continuous capital raises. Exploration assets (£5.96m) lack valuation foundation absent discoveries.

Flags

loss-makingcash-burnno-valuation-datapre-revenueexploration-stagemicro-capcyclical