Value of FURY, DVAt today's prices of $0.60 for DV and $0.50 for FURY,
DV market cap is $138m (with $20m or so of cash) ... FURY's share (26%) is worth $36 million
FURY market cap is $68m ... meaning, excluding DV market value of $36m, all of the Quebec assets and Committee Bay and cash ($12 m at end of June 2022 + $6.8m from sale of DV shares less cash burn from July 1 onward) on the balance sheet are only being valued at $32m. Even if cash has reduced by say $6m since July 1, there is still probably $12m or so in cash. Meaning the assets of Quebec and Committee Bay are being valued at $20m (excluding cash).
Seems like a buy based on this analysis ... don't the Quebec assets have to at least be worth $20m ??
Anyone have any idea what Quebec could be worth ?
Right now, I write off CB as a lottery ticket, but it's worth something too I would think.
GLTA