Fury Gold Mines Ltd T.FURY

Alternate Symbol(s): FURY

Metals & Mining Gold

Fury Gold Mines Limited is a Canada-based exploration company. The Company's principal business activity is the acquisition and exploration of resource projects in Canada. It owns a 100% interest in the high-grade gold Eau Claire project, which is situated on over 24,000 hectares (ha) in the Eeyou-Istchee/James Bay region of Quebec. The Eau Claire project is located approximately 800 kilometers (km) north of Montreal and 350 km northwest of Chibougamau. It owns a 100% interest in the Committee Bay gold project located in Nunavut, Canada. The project includes over 270,000 ha, situated along the Committee Bay Greenstone Belt (CBGB). The CBGB comprises a number of Archean- aged greenstone belts occurring within the larger Western Churchill province of north-eastern Canada. It owns a 50.022% interest in the Eleonore South JV project. Eleonore South JV project is located in the Eeyou-Istchee/James Bay region of Quebec, approximately five km south of Newmont's Eleonore mine property.

TSX:FURY - Post by User

Fury Gold Mines Ltd

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Post by goldpolkaon May 07, 2024 1:57pm

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Post# 36027197

Value ! (?)

FURY Market Cap: 146m shares @ $0.56 = $82 million

DV Market Cap: 285m shares @ 0.98 = $279 x 19% (FURY share) = $53 million

Implied value of all the rest of Fury Net Assets (Quebec, CB, etc) = $29 million

Cash on hand (Dec.31'23 plus March'24 sale of Homestake) = $11m (approx.)

Implied VALUE of rest of Fury Net Assets (excluding excess cash) = $18 m

So, about $0.44 of the $0.56 share price is in DV shares and cash, with the remainder $0.12 the value of the Fury assets.

Seems like good value once again. Am I missing something ?

GLTA

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