RE:Relative Valuations - Updategoldpolka wrote: With Fury at 83cents and DV at 84 cents, implies:
$186m market cap of DV -- Fury share is 34.5% or $64m
Total market cap of FURY -- $104m ... which means Quebec and Committee Bay assets are priced at $40m.
Or that DV now makes up 63% of the market cap of FURY ...
Seems like maybe DV should now buy FURY lol.
Anyway ... seems like a pretty reasonable value to place a bet here IMHO. However, don't seem to be many buyers. Would have thought all the old shareholders from the FURY merger, etc would be long gone by now ... and selling would be done. Guess not.
GLTA.
Good post, but selling in Fury is definitely done. With higher gold and miner prices some investors that bought into the Eastmain acquisition arbitrage thinking they could turn a fast 20-30% on the close were burnt bad. Many have started to double and triple down to lower their averages from mid $1.50 / $1.80 and up, to under a buck. FURY will be a buck IMHO in July or early August.
Ivan and Mike Timmons have stomped on the necks and crippled the shareholders but we are still alive thanks to gains elsewhere. Now we are stepping in and buying FURY on dips. The Dolly Varden deal allowed this pos to come to life again. After the 70 % carnage there is definite value here as explorers are sought against the backdrop of higher gold prices. No, I did not tell my relatives to get into the stock when it was $1.20+ as Ivan recommended. I do not hate them that much. LOL Ivan - are you effing crazy ???