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Fury Gold Mines Ltd 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 ST225EOon May 01, 2021 5:37am
226 Views
Post# 33107715

RE:Lets see......." this is that category "

RE:Lets see......." this is that category "I listen to all of their interviews and I was surprised to hear in 2 recent interviews that they would need to raise capital to do the planned drilling at Committee Bay and Homestake.
All I heard until then was that they were funded for 12 to 18 months. 
IR confirmed this working capital was meant just for Eau Claire, not the other 2 projects.

I think at least they could have been more transparant about this.
It seems I'm not the only one that didn't see this coming / misunderstood.

My belief in the team is very strong and remains strong, I just hope they'll make a game changing discovery within the next 2 years. If the stock keeps drifting lower, a 3x return will be necessary just to break even.
I'm very much looking forward to remaining of the year (including listing of Tier One and Sombrero), and I agree with Juneau, hats off to them to be able to raise capital in a blink of an eye.

Speaking of Sombrero, does anyone expect a listing in Q2? They aren't to blame for the backlog at the exchange but I do feel more realistic timetables would be appropriate. Expecting a listing for Tier One end of february and filing for a listing early march isn't compatible.

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