Post by
arh0070 on Apr 01, 2023 9:26am
Fury
The Dolly transaction was somewhat complicated but in fact a very good one for Fury .They monetized there resource in the Kitsault valley by selling to Dolly for 50 million (in Dolly shares)so they could focus on Northern Quebec.This strengthened Dolly and gave them a bigger land package which is all consolidated together.They ended up with 33% of Dolly and then sold 8 % To I think an unnamed private investor.This again was a good transaction for Dolly making a takeover (likely by Hecla) much less likely so Dolly can develop its big silver project on its own ,which it is doing very successfully after a lot of ups and downs .The news this week for Dolly shows a way for them to get into production by building a mill with several other miners in the same area ,if this comes off it will mean less cost to Dolly than a stand alone mill.Dolly has been exploring their big silver deposit for years and has been in a trading range for years ,now it has broken out with a stronger silver price and the prospect of production in a few years .A great investment for Fury .In the small Mining game its always "coulda shoulda"I have several times sold early and missed a big run but other times I sold and avoided a big loss.
Fury raised 11 million or so last year at 80 cents much higher than the current share price .
Anyway its easy to be critical but Fury has a great prospect in Northern Quebec ,lots of money for drilling .So Fury Is INCREDIBLY cheap for an explorer stock .
Comment by
MaterialsMan on Apr 05, 2023 10:32pm
Just had a thought. Maybe FURY could work out an option agreement with B2 for the Nunavat property. That way there would be no need to pay for drilling, and FURY could focus entirely on EauClaire. I don't think spending money up there this year was in the budget anyway. Might give the SP a good boost as well.
Comment by
GoldInsect777 on Apr 06, 2023 1:02pm
Tim Clark did mention in an interview late last year that he would consider a JV at Comittee Bay if the opportunity arose.