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Fury Gold Mines Ltd FURY


Primary Symbol: T.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

Post by MaterialsManon Mar 02, 2023 10:16pm
247 Views
Post# 35316640

DILUTION

DILUTIONFury announces an effort to raise $s at 3P.M. and the SP is down 10% by 4P.M. Juniors need capital to make things happen and since there are no earnings it comes down to 2 choices. Debt or selling shares. Why should that scare people into selling?  Maybe Fury could have sold another chunk of DV. Then, the SP probably would have dropped 30% along with a lot of criticism. I personally would rather see Fury keep making progress with the drill bit rather than sit still and do nothing. How else can they raise money to make things happen. Some mining companies are getting free bucks from their respective governments, but I don't think it applies here. Perhaps it is a good buying opportunity.
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