Recent Ivan Bebek’s Post from Linkedinhttps://www.linkedin.com/feed/update/urn:li:share:6925272963013349376
I am not the Chair of Fury for single digit share price returns, no one is on our team as we believe we can achieve more.
Opportunity was unclear with Fury at first, some have even misconstrued the company as a developer. We are an aggressive Canadian Gold exploration company. To be fair, we initially considered development in a different market that was changing with less knowledge of our assets and under the guidance of a different CEO however the equity gold market was not cooperating and we did not know if Eau Claire would offer scale as well as several additional targets which has changed late 2021 and is now on the table. We believe there is so much more to Eau Claire the ESJV and Committee Bay as seen by recent results and all could deliver scalable exploration opportunities.(why we do this )
Results have been far better than the share price performance would indicate.
Drills are now turning ( my favourite part ) and those of you with a history of investing in the Gold Exploration sector would understand that not all previous discoveries are limited ... neither are historic exploration techniques and considerations. We are now starting to see scale and several high quality targets where we could potentially discover much more or at the very least "we believe" double our ounces in Quebec and our " elephant style" discovery confidence in Nunavut is rapidly increasing just in time for higher gold prices in 2023.
I believe Fury is the classic turnaround tale, now with compressed positive fundamentals in a rising gold market amidst global volatility where inflation is arguably getting out of control and war is real with one of the most feared countries in the world.
We believe it will be different this year for Fury, we have new leadership which has proven actionable in the best possible ways for shareholders including the completion of the Homestake Deal - a transformational transaction with our friends at Dolly Varden Silver, completion of a strategic funding at market with a second major mining company, a major US gold fund and finally with an exemplary shift in culture and management style.
For those of you who have shorted, bashed and criticized Fury in a falling gold equity market - you have inspired a new level of drive, determination and work ethic that has been more importantly complimented by even bigger opportunities with our assets than we originally anticipated, thank you.
Thank you, loyal supporters who have stayed with us and with this volatile gold market, we believe the reward will be worthwhile in time.
Ivan Bebek
Chair, Director