Fury Gold Mines Ltd FURY

Primary Symbol: T.FURY

Metals & Mining Gold

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.

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Fury Gold Mines Ltd > to Buy-Out Homestake Ridge Royalty

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Comment by goldpolkaon Sep 13, 2021 12:56pm

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Post# 33849020

RE:RE:RE:RE:RE:to Buy-Out Homestake Ridge Royalty

Also ... keep in mind that Homestake was acquired by issuing 3.3 million shares valued at $2.68 per share in June 2016 (5 years ago). Total "price" was $9m. However, the price was really the shares issued. Not sure how much more has been spent on drilling and improving the resources since then ? anyone ?

So ... effectively, if they get any more than $9m, it's a win. And because they only issued stock, it's like issuing stock at $2.68 (vs. $0.94) if they just get the $9m back.

As I said, we will see.

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