Fury Gold Mines Ltd T.FURY

Alternate Symbol(s): 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.

TSX:FURY - Post by User

Fury Gold Mines Ltd > Fury

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Comment by goldpolkaon Sep 09, 2024 11:06am

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Post# 36214747

RE:Fury

After giving effect to the DV share issuance and latest financial reporting, I think these are the numbers:

DV market cap -- 309m shares @ $1.00 = $309m

Fury share (approx 17.5% after dilution) = $54m

Current market cap of FURY = $77m

Value of Cash, Quebec assets and CB = $23M

Cash $8.5m (as of June 30)

So, value of Quebec assets and CB -- $14.5M at current market prices

Seems like a pretty good case given Eau Claire resource estimate.

GLTA

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