Bunker Hill Mining Corp.

BHLLdata completeness 63%16 fiscal years on file
i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue
Net income−$6.4M1$898,5912−$13.4M3−$25.3M4−$93.1M4
Operating cash flow−$11.4M5−$22.5M6−$12.3M7−$10.4M8−$17.7M8
Capital expenditure
Free cash flow (derived)
Total debt$7.94M9
Cash & equivalents$486,06310$708,10511$20.1M12$3.79M12$22.4M13
Diluted shares161.9M269.8M280.4M9.7M22.7M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
−$24.65
your share of equity
Profit it earned you last year
−$40.94
Free cash flow it threw off
Debt you’d be carrying

10 shares is a claim on −$24.65 of net worth that earned you −$40.94 last year.

iii. Is this a good business?
Moat signal · return on equity
avg · 5y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
−86% shares · 5y

Share count is down 86% over 5 years — management has been buying back stock, quietly handing owners a bigger slice. Total debt has held roughly steady.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
only 1 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 1 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K/A · period ending 2021-12-31 · accession 0001493152-23-045823 (NetIncomeLoss)
  2. 10-K · period ending 2022-12-31 · accession 0001493152-24-009660 (NetIncomeLoss)
  3. 10-K · period ending 2023-12-31 · accession 0001641172-25-001245 (NetIncomeLoss)
  4. 10-K · period ending 2024-12-31 · accession 0001493152-26-009196 (NetIncomeLoss)
  5. 10-K/A · period ending 2021-12-31 · accession 0001493152-23-045823 (NetCashProvidedByUsedInOperatingActivities)
  6. 10-K · period ending 2022-12-31 · accession 0001493152-24-009660 (NetCashProvidedByUsedInOperatingActivities)
  7. 10-K · period ending 2023-12-31 · accession 0001641172-25-001245 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2024-12-31 · accession 0001493152-26-009196 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2022-12-31 · accession 0001493152-24-009660 (LongTermDebtNoncurrent)
  10. 10-K/A · period ending 2021-12-31 · accession 0001493152-23-045823 (CashAndCashEquivalentsAtCarryingValue)
  11. 10-K · period ending 2022-12-31 · accession 0001493152-24-009660 (CashAndCashEquivalentsAtCarryingValue)
  12. 10-K · period ending 2023-12-31 · accession 0001641172-25-001245 (CashAndCashEquivalentsAtCarryingValue)
  13. 10-K · period ending 2025-12-31 · accession 0001493152-26-009196 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)