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Fury Gold Mines Ltd AUG


Primary Symbol: T.FURY Alternate Symbol(s):  FURY

Fury Gold Mines Limited is a Canada-based gold 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 23,000 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 250,000 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 100% interest in the Eleonore South project. The Eleonore South 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

Comment by prem124on Jul 31, 2020 6:13pm
301 Views
Post# 31352368

RE:RE:Value of AUG vs ER

RE:RE:Value of AUG vs ERHow can you do arbitrage if AUG shareholders get 2 extra shares of 2 different entities. I invested in AUG because of Sombrero and Canadian assets were more of a liability and money drain. They will be able to focus much more. I don't think these will trade at 45 million dollars when listed. By this time ie. End of the year we should have drill results. If they are positive we can have more than current market cap valuation of new entities alone. My point is that there is no arbitrage opportunity as such at this stage. If the drilling results were bad you could discount other assets and arbitrage opportunity would appear.
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