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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 pennyflippingon May 02, 2021 10:25pm
206 Views
Post# 33112200

RE:RE:I can't help feeling scammed.

RE:RE:I can't help feeling scammed.
I think timing will be important and the Devil will be in the details of the financing.

If they can drill both properties this summer with reasonable conditions on financing, then I'd be happy to see the drilling continue. (they obviously won't raise 200 million in one shot)

My own disappointment is that the SP is closer to the 52 week low than it is to the $3.50 target.

My plan is to give Fury 24 months from Oct 9th and then re-asses.  By then Tier1 and Sombrero should be listed and drilling.  If fury isn't over $3 by then, I doubt I'll be as interested.

I wonder what tomorrow will bring. Crash to New 52 week lows, continue sideways, or gap up on the possibility of drilling committee and homestake this summer?

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