Fury Gold Mines Ltd T.FURY

Hard to believe

[MaterialsMan]

Fury does not seem to have made any announcement regarding Benz Mining exercising their option to acquire more of Eastmain and Ruby Hill to bring their ownership stake to 75%, with a further option to acquire the remaining 25%.
Wonder why.

[chalker58]

Good find. Benz is hitting better numbers than Fury. That place has always had gold and it was mined there for a bit too at much lower prices . Bad giveaway by Fury. 

[MaterialsMan]

Bad giveaway may be an understatement. I don't know what Benz put up prior to exercizing the option, or, how much the remaining 25% will cost them. I do have a pretty good idea of what in situ gold is worth per oz. in a friendly mining jurisdiction. It is beginning to appear that the property is being turned over for a fraction of its true value. It is very upsetting for any of us long time

[pennyflipping]

I realized IB and all his spinoffs were a scam the day Mike Timmins left fury. Glt the bagholders, this is just eastmain part2.

[goldpolka]

The option to Benz was sold in 2019 and for the Ruby Hill properties in 2020, both PRIOR to the acquisition of Eastmain by Auryn (now Fury). Perhaps if the posters on this board actually went back and read the agreements ... and to what assets they pertain ... I would recommend it. To me, this is good in that Fury receives another $1.4 million cash for its treasury and some share in Benz, for an

[MaterialsMan]

I don't dare ask you what they paid in total and what that translates to in dollars paid per oz.

[goldpolka]

Go read the agreements, and figure it out.  And it was PRIOR to the acquisition by Auryn / Fury, so it's not on current management, that's my point.  At the time, Eastmain likely had no cash, and needed to focus on its other priorities.  So this was the deemed the best option at the time.  Even if BENZ took the property and made something of it, that's the nature of

[MaterialsMan]

Sounds like a good point. Now I have become curious as to what FURY has going for it other than some shares of other companies plus to the best of my knowledge, one more piece of property. B2 has some interests in Nunavut now. Maybe Fury could get a bid from them on the property that they still own. Of course I don't know if there were options handed out prior to current management taking over