Companies · Other

Mandalay Resources Corp

TORONTO · Other

Diligence memoA one-page analyst read on Mandalay Resources Corp — recommendation, valuation, rhythm, risks.
$2.9M
Total raised · real
2
Rounds
12.3×
Latest step-up
Top 46%
Sector rank · raised
Seed
Latest stage · inferred · Wed Feb 20 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Mandalay Resources Corp looks over-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 1.76× the median modeled value of Seed Other companies in 2019–2021 (1101 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.4 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other

Mandalay Resources Corp is one of 25015 Other companies tracked from TORONTO. By capital raised it ranks mid-pack (ahead of 55% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
$100M+
Issuer revenue
Rule 506(b)
Reg D exemption
3
Investors (latest)
2019-02-20
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$13M$25M$38M$50MPre-Seed · 2010-08-06 Raised $215K (real) Modeled valuation $5.0M (est)$215K$5.0MPre-Seed2010Seed · 2019-02-20 Raised $2.6M (real) Modeled valuation $49M (est)$2.6M$49MSeed2019+$2.6MCumulative $2.9M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$215K · 2010
Seed$2.6M · 2019

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$49.0M
Base estimate est.
$2.4M
Conservative case
$384.4M
Upside case
$13.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Pre-Seed · modeled $5.0M · 2010-08-062010Seed · modeled $49.0M · 2019-02-202019
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
40%
Survival probability
18% low · 62% high
1.45×/yr
Annual markup
1.90×/yr upside case
6.0 yr
Elapsed time used
7.4 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
103 mo
Avg between rounds
$334K/yr
Capital velocity
15.9 yr
On record since
2010
First round
2
Rounds on file
How it compares to the market

Benchmarked against 25015 companies in Other. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 1.4× above median
This company$2.9M
Sector median$2.0M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.5× above median
This company$2.6M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 2.8× above median
This company$49.0M
Sector median$17.7M

Raised more than 55% of sector peers (real $). Modeled value above 71% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #157 of 1,101.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)Esperos, Inc. · Seed Raised $4.0M · modeled $74.4M (est)AL International Holdings Inc. · Seed Raised $4.0M · modeled $74.4M (est)Clean Beam, LLC · Seed Raised $4.0M · modeled $74.4M (est)SEAM Group Holdings, LLC · Seed Raised $4.0M · modeled $74.4M (est)HemTex Holdings, LLC · Seed Raised $4.0M · modeled $74.4M (est)BlueStripe Inc. · Seed Raised $4.0M · modeled $74.4M (est)Yardstik, Inc. · Seed Raised $4.0M · modeled $74.4M (est)Labyrinthe Holdings Corp · Seed Raised $4.0M · modeled $74.4M (est)INSIDE THESE CASTLE WALLS DEVELOPMENT Ltd LIABILITY Co · Seed Raised $4.0M · modeled $74.4M (est)Exotic Breeding Partnership LLC 5 · Seed Raised $4.0M · modeled $74.4M (est)Phg Oz I, Llc · Seed Raised $4.0M · modeled $73.7M (est)Betasv L.P. · Seed Raised $4.0M · modeled $73.3M (est)Mandalay Resources Corp (this company) Raised $2.9M · modeled $49.0M (est)Mandalay Resources Corp
CompanyStageRaised · realValue · estvs peer med.
Esperos, Inc.Seed$4.0M$74.4M2.67×
AL International Holdings Inc.Seed$4.0M$74.4M2.67×
Clean Beam, LLCSeed$4.0M$74.4M2.67×
SEAM Group Holdings, LLCSeed$4.0M$74.4M2.67×
HemTex Holdings, LLCSeed$4.0M$74.4M2.67×
BlueStripe Inc.Seed$4.0M$74.4M2.67×
Yardstik, Inc.Seed$4.0M$74.4M2.67×
Labyrinthe Holdings CorpSeed$4.0M$74.4M2.67×
INSIDE THESE CASTLE WALLS DEVELOPMENT Ltd LIABILITY CoSeed$4.0M$74.4M2.67×
Exotic Breeding Partnership LLC 5Seed$4.0M$74.4M2.67×
Phg Oz I, LlcSeed$4.0M$73.7M2.64×
Betasv L.P.Seed$4.0M$73.3M2.63×
Mandalay Resources Corp this companySeed$2.9M$49.0M1.76×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$215K2010-08-06$1.2M$5.0M85%
Seed$2.6M2019-02-20$13.2M$49.0M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$215K2010-08-06
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Seed$2.6M2019-02-20
    • Raised again after 102 mo — slower than the ~11 mo sector norm.
    • Round 12.3× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 3 investors on this round.
Intelligence
2027 ~Q3
Modeled next raise · ~103mo cadence
$7.9M
Modeled next size est.range $5.1M$12.7M
12.3×
Last step-up
$334K/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Peter Jones4 other2010-08
John Byrne2 other2010-08
ABRAHAM A. JONKER2019-02
AMY A. FREEDMAN2019-02
BELINDA ELAINE LABATTE2019-02
Belinda Labatte2010-08
Braam Jonker2010-08
BRADFORD A. MILLS2019-02
Bradford Mills2010-08
DOMINIC FRANCIS DUFFY2019-02
NICK FRANCIS DWYER2019-02
PETER R. JONES2019-02
ROBERT R. DOYLE2019-02
Sanjay Swarup2010-08
Tony Griffin2010-08
Registry & provenance

Mandalay Resources Corp is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1498744
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Zemanta Holding USA Inc.OtherSeed$3.2M$60.0Mnetwork1 shared operator · same sector · same stage
Erdene Resource Development CorpOtherSeed$3.7M$14.1Mnetwork1 shared operator · same sector · same stage
LiveMagic, Inc.OtherSeed$2.9M$47.4Msame sector · same stage
Remembrance Group, Inc.OtherSeed$2.9M$46.8Msame sector · same stage
Terreno Resources CorpOtherSeed$2.8M$51.5Msame sector · same stage
Shawster Ltd CoOtherSeed$2.8M$49.6Msame sector · same stage
Media Predict, Inc.OtherSeed$2.8M$51.4Msame sector · same stage
Wolverine Minerals Corp.OtherSeed$2.8M$48.2Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Tribeca Resources CorpOtherPre-Seed$551K83%
Fox River Resources CorpOtherPre-Seed$989K82%
China Natural Resources IncOtherSeries A$17.9M82%
Northern Empire Resources CorpOtherSeries A$96.6M81%
Vanadiumcorp Resource Inc.OtherPre-Seed$2.6M81%
Avana Resources LtdOtherSeries B$204.2M81%
Eco-Site Holdings, Inc.OtherSeries B$338.1M81%
Eco-Site II Holdings, Inc.OtherSeries D+$1.7B81%
Frequently asked
How much funding has Mandalay Resources Corp raised?
Mandalay Resources Corp has raised approximately $2.9M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Mandalay Resources Corp's estimated valuation?
Provath's modeled valuation for Mandalay Resources Corp is approximately $49.0M (modeled range $2.4M–$384.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Mandalay Resources Corp at?
Mandalay Resources Corp's latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Feb 20.
What does Mandalay Resources Corp do and where is it based?
Mandalay Resources Corp operates in the Other sector, based in TORONTO.
Explore related

See where Mandalay Resources Corp sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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