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Bullboard - Stock Discussion Forum Fortuna Mining Corp T.FVI.DB.U


Primary Symbol: T.FVI Alternate Symbol(s):  FSM

Fortuna Mining Corp., formerly Fortuna Silver Mines Inc., is a Canada-based precious metals mining company with mines in the Latin America and West Africa regions. It has operated mines in Argentina, Burkina Faso, Cote d’Ivoire, Mexico, and Peru. Its mine products include gold, silver, lead, and zinc. Its mines and projects include Seguela Mine, Yaramoko Mine, Lindero Mine, San Jose Mine, and... see more

TSX:FVI - Post Discussion

Fortuna Mining Corp > Comparables and Notes
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Post by geezer21 on Mar 24, 2022 7:48pm

Comparables and Notes

I did a spread sheet of 17 silver miners (only the best 7 are listed)  on 11 March. The top two are FVI and SVM.  I rate FVI at the top because it has a p/e of just 13.6 and its 12.7% profit margin was after an anomolous 3Q.  With FVI more than doubling 2021 net income to $59,399 million over $21,533 million from 2020, FVI's ratios below are substantially better and even more so with todays closing price of $4.88.

You can verify the data with your on-line broker and TMX.

It is possible there was shorting today but I have some doubts for a number of reasons:

First, the metrics of FVI and rising silver price make it a higher risk for shorting. 

Second, today's sell off was too conincidental with the Stockwatch error and was immediate right out the gate. 

Third, extension of the San Jose environmental impact authorization is not an issue.  It is clearly a typographical error out of context with all the other documentary evidence that the extension is 12 years:

https://fortunasilver.com/investors/news/fortuna-pursues-clarification-from-mexican-authorities-on-term-of-the-environmental-impact-authorization/

Lastly, Q4 production increased substantially and 2023 is call for 369 to 420 koz Au Eq3; a projected increase of 3.4% to 17.7% over 2021 production of 356,793 oz Au Eq

SSRM is very comparable but you would have to put up a lot more dollars for the same bang.


SILVER (Q4 ’21) (March 11)
 
                                                                  RTN       RTN
                 $       EPS      P/E         P/B     %EQ     %AST    YIELD   Profit
 
 
FVI         5.44       .41         13.6       .91         5.78       4             -       12.17
SVM       5.21       .23         22.6       1.4         7.19       5.06      .59      22.21

 
SSRM     28.34     2.14      13.2       1.32       11.08     7.34     1.26      29.1
MAG       22.54     .06         397        1.29       1.29       1.25       -          00
EDV        32.09     0.0         16.2       1.56       11.35     6.49       -         10.1
PAAS      34.85     .57         61.8       2.16       3.86       2.9       1.75      6
FR           17.06     .2           85.4       2.47       3.06       2.07      0.24    -0.8
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