Fury Gold Mines Ltd T.FURY

RE:RE:RE:RE:RE:RE:RE:RE:RE:Unleash The Fury!!!

[Frosch1]

montydog wrote:

Electrum9999 wrote: https://seekingalpha.com/article/4389364-fury-gold-mines-look-valuation-after-drop

 

Interesting article. Well written and thoughtful. Moderately bullish for FURY, but stops short of a full-on endorsement, as the author believes that a few other juniors offer a better investment proposition.

 

I’m much more positive than that, and here’s why.

 

1. The author assigns zero value to Homestake and Committee Bay. I understand why he’s done this (because Homestake’s assets are mostly inferred rather than indicated on its PEA, and Committee Bay is remote and too big and seemingly no progress for years). But if you’re going to make an apples for apples comparison, you need to also assign a zero value to the other juniors’ non-core assets.
   Personally, I agree that it’s a stretch to assign much to CB, however, Homestake is definitely worth something well north of zero. My understanding is that IB has received much interest in Homestake but they’re not selling for less than US$150m.
2. The author makes no reference to the people or in any way tries to evaluate their capabilities. Yet Fury indisputably has one of the very best teams assembled together on the planet. The fact that Ivan Bebek has twice before been hugely successful counts for a lot. And in Mike Timmins, we have one of the best CEOs we could hope to have, and points to a company that genuinely intends to progress all the way to production. Lynsey Sherry’s recent appointment as CFO is also very noteworthy. All the senior management have strong experience with working for majors. I don’t believe any of the other juniors in this report come close on this score.
3. The JV with Newmont at Eleanore is another opportunity that the author, and most of the market has missed. Fury is the operator for this. Not hard to imagine that Newmont may want this....
4. IB and other insiders have a lot of skin in the game. I’m simply not convinced that most other junior mining firms are as deeply committed to achieving big scale success.

 

What do others think of this article?

 

Thank you. Very good points. The purpose of this article was only to promote Marathon Gold especially and Skeena Resources. Many will surprise about the drill results of Fury in a positive way. I am pretty sure.