Fury Gold Mines Ltd T.FURY

Value of FURY, DV

[goldpolka]

At 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

[willyk3]

Bit of good news this morning from Fury.  Much better news from Dolly.  I hope the IOU/goodwill they got for that sale pays off in the future.  And yes..Committee is a great lottery ticket!!!

[GoldenOrb]

I urged Tim not to sell anymore rock bottom DV giveaways to the likes of Agnico. I see Agnico is in hot pursuit of Yamana Gold.  Seems Agnico could be very interested in DV -- prompting a real bidding war for DV with Heckla!  Clark just can't piss away the real high value we hold in DV just to pay salaries & earn stock options/warrants on less productive results at Eau Claire