Fury Gold Mines Ltd FURY

Relative Valuations - Update

[goldpolka]

With Fury at 83cents and DV at 84 cents, implies:

$186m market cap of DV -- Fury share is 34.5% or $64m


Total market cap of FURY -- $104m ... which means Quebec and Committee Bay assets are priced at $40m.


Or that DV now makes up 63% of the market cap of FURY ...

Seems like maybe DV should now buy FURY lol.

Anyway ... seems like a pretty reasonable value to place a bet here IMHO.  However, don't seem to be many buyers.  Would have thought all the old shareholders from the FURY merger, etc would be long gone by now ... and selling would be done.  Guess not.


GLTA.

[pennyflipping]

This must be the most hated bull market for juniors and exploration on record. You think this is heading back to 52 week lows? Right now I'm waiting to see if fury or T1 goes lower. If T1 hits new 52 week lows just from selling, maybe we could hope for another rip to $1 at some point. Probably the only way to get that 10bagger... Do people still have any trust in these guys? I Sigh...

[PeterThomas]

Good post, but selling in Fury is definitely done. With higher gold and miner prices some investors that bought into the Eastmain acquisition arbitrage thinking they could turn a fast 20-30% on the close were burnt bad. Many have started to double and triple down to lower their averages from mid $1.50 / $1.80 and up, to under a buck.  FURY will be a buck IMHO in July or early August. Ivan

[pennyflipping]

If your bullish-nish on fury and other poorly run explorers are gold prices going up will fix all the SP problems, I think you're taking a very long shot bet. If you honestly believe in inflation, drilling costs and cost of operations will go up. I think there are still a lot of delays and shortages going on. Unless these guys start drilling non stop with steady news (they financially cannot

[PeterThomas]

I understand what you are saying, Ivan has proven you can fool some of the people some of the time.  They have a good enough story to reach $1 with higher gold prices to $2K.  The DV shares can be truly cashed in for $60M so they can drill albeit at higher costs.  Inflation will help propel gold and explorers to some degree.  They have indeed simplified their story.  MT

[pennyflipping]

Either way, I think management is a huge risk and another reason the SP is where it's at. IMO if you are interested in fury just wait until this inevitably hits new 52week lows. If you are still a long term holder, you can keep hating since I stopped drinking the cool aid when management showed their true intentions/lack of skills and capability.