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49 North Resources Inc V.FNR

Alternate Symbol(s):  FNINF

49 North Resources Inc. is a resource investment, financial, and managerial advisory company. The Company’s principal business is to invest in and manage a diversified portfolio of securities of resource companies with the objective of achieving medium to long-term capital appreciation through the aggressive management of and growth in value of the portfolio. The Company’s diversified portfolio of assets includes investments in shares and other securities of junior and intermediate mineral and oil and gas exploration companies. It may invest in securities of any resource corporation regardless of if or on what stock exchange such securities are listed, regardless of the status or stage of development of the investee corporation’s exploration, development or other business activities, and regardless of the size or market capitalization of the investee corporation.


TSXV:FNR - Post by User

Post by Torontojayon Jan 24, 2021 7:56am
760 Views
Post# 32370291

Net net working capital

Net net working capital

The net net working capital for 49 North resources is $16,469. I've made slight adjustments by excluding long term lease liabilities of 155k which is negligible anyway. The companies current assets consists mostly of equity investments which total $23,561 as of Sept 30th, 2020. 

Cash flow in the last 4 quarters is $ 215k 

The current market cap is $ 9.14 million! 

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