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Category: Junior: Late Stage Developer
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Fortune Minerals Ltd.
www: www.fortuneminerals.com/Home/default.aspx     email: info@fortuneminerals.com

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Notes
Forum
Your Data

Symbol Data

Symbol Currency
OTCMKTS:FTMDF USD
TSE:FT CAD

Description

Fortune Minerals Ltd. are a gold focused junior, late stage development company with one mine in development in Canada. They have approximately 1Moz. of gold in the reserves and resources category of which 1Moz. are in the measured and indicated category. They have a market capitalisation of ~C$34.44M which is a fall of roughly 64% over the last seven months. As of 03/25/2018 they have ~C$5M debt and ~C$7.01M cash. They have 338M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 03/25/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $96.02M $34.44M 03/25/2018 $-61.58M
Total Assets: $58.05M $58.30M 03/25/2018 $0.25M
Total Liabilities: $13.63M $13.69M 03/25/2018 $0.06M
Current Assets: $6.98M $7.01M 03/25/2018 $0.03M
Current Liabilities: $0.23M $0.23M 03/25/2018 $0.00M
Total Debt: $4.75M $4.77M 03/25/2018 $0.02M
Cash: $6.98M $7.01M 03/25/2018 $0.03M
Enterprise Value: $93.79M $32.20M 01/08/1971 $-61.59M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to
Cash Flow Ratio:
n/a n/a never 0.00
Finance within 1 year: 03/25/2018 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 03/25/2018 0.00%
Misc 03/25/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 338,000,000 338,000,000 03/25/2018 0
Shares (FD): 442,000,000 442,000,000 03/25/2018 0
Insider Ownership: n/a 15% 03/25/2018 15%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 03/25/2018 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
03/25/2018 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
03/25/2018 0
Initial CapEx (Outstanding): $436.00M
454.07% of Mkt.Cap
$436.00M
1265.98% of Mkt.Cap
03/25/2018 $0.00M
Funding Option: n/a n/a 03/25/2018 n/a
Documentation: none FS 03/25/2018 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 03/25/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 03/25/2018 0.00M
Measured & Indicated: 1.00M 1.00M 03/25/2018 0.00M
Inferred: n/a n/a 03/25/2018 0.00M
Reserves & Resources: 1.00M 1.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 03/25/2018 0.00M
Measured & Indicated: 0.58M 0.58M 03/25/2018 0.00M
Inferred: n/a n/a 03/25/2018 0.00M
Reserves & Resources: 0.58M 0.58M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 03/25/2018 $0.00
Extra Operating Cost: n/a n/a 03/25/2018 $0.00
Average Grade: 1.00 g/t 1.00 g/t 03/25/2018 n/a
Recovery Rate: (CG)  73.00% (CG)  73.00% 03/25/2018 0.00%
F
U
T
U
R
E
Proven & Probable: 1.00M 1.00M 03/25/2018 0.00M
Annual Production: 40,000oz. 40,000oz. 03/25/2018 0oz.
Cash Cost: $1 $1 03/25/2018 $0
Extra Operating Cost: $1 $1 03/25/2018 $0
SILVER 03/25/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 03/25/2018 0.00M
Measured & Indicated: n/a n/a 03/25/2018 0.00M
Inferred: n/a n/a 03/25/2018 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 03/25/2018 0.00M
Measured & Indicated: n/a n/a 03/25/2018 0.00M
Inferred: n/a n/a 03/25/2018 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 03/25/2018 $0.00
Extra Operating Cost: n/a n/a 03/25/2018 $0.00
Average Grade: n/a n/a 03/25/2018 n/a
Recovery Rate: n/a n/a 03/25/2018 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 03/25/2018 0.00M
Annual Production: n/a n/a 03/25/2018 n/a
Cash Cost: n/a n/a 03/25/2018 n/a
Extra Operating Cost: n/a n/a 03/25/2018 n/a

Property

Last Analysis Data  (03/25/2018)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Northwest Territory, Canada Nico 100% (guess) 5,000 Open Pit show
Shovel Ready.

$436 million capex.
Total Land Package Size (ha): 5,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Northwest Territory, Canada Nico 100% (guess) 5,000 Open Pit show
Shovel Ready.

$436 million capex.
Total Land Package Size (ha): 5,000  

Profitability (by resource)

Proven &
Probable
03/25/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD Mkt. Cap / Gold Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Silver Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Per Metal
as % Spot Price:
n/a n/a n/a 0.00%
Measured &
Indicated
03/25/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 1.00M 1.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 2.53M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.58M 0.58M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 1.48M
Maximum Profit (Gold): $549.75M $500.58M n/a $-49.18M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $549.75M $500.58M n/a $-49.18M
Max Profit / Current MCap: 5.725 14.535 n/a 8.809
Max Profit Per Share (Gold): $1.24 $1.13 n/a $-0.11
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.24 $1.13 n/a $-0.11
Total Free Profit Per Share: $0.96 $1.03 n/a $0.07
FD Mkt. Cap / Gold Eq.: $164.42 $58.97 n/a $-105.45
FD Mkt. Cap / Silver Eq.: $2.02 $0.70 n/a $-1.32
FD Mkt. Cap / Per Metal
as % Spot Price:
12.21% 4.81% n/a -7.40%

Reserves &
Resources
03/25/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 1.00M 1.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 2.53M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.58M 0.58M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 1.48M
Maximum Profit (Gold): $549.75M $500.58M n/a $-49.18M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $549.75M $500.58M n/a $-49.18M
Max Profit / Current MCap: 5.725 14.535 n/a 8.809
Max Profit Per Share (Gold): $1.24 $1.13 n/a $-0.11
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.24 $1.13 n/a $-0.11
Total Free Profit Per Share: $0.96 $1.03 n/a $0.07
FD Mkt. Cap / Gold Eq.: $164.42 $58.97 n/a $-105.45
FD Mkt. Cap / Silver Eq.: $2.02 $0.70 n/a $-1.32
FD Mkt. Cap / Per Metal
as % Spot Price:
12.21% 4.81% n/a -7.40%

Future Valuation (Cash Flow & Totals)

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