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Fortune Bay Corp

www: www.fortunebaycorp.com   email: info@fortunebaycorp.com
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
CVE:FOR CAD
OTCMKTS:FTBYF USD

Description

Fortune Bay Corp are a gold focused junior, late stage development company with two exploration properties in Canada and Mexico. They have approximately 3Moz. of gold in the reserves and resources category of which 2Moz. are in the measured and indicated category. They have a market capitalisation of ~C$32.61M which is a rise of roughly 10% over the last three weeks. As of 12/26/2021 they have no debt and ~C$5.59M cash. They have 43M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 12/26/2021
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $29.77M $32.61M 12/26/2021 $2.83M
Total Assets: $13.26M $13.58M 12/26/2021 $0.32M
Total Liabilities: $0.78M $0.80M 12/26/2021 $0.02M
Current Assets: $5.46M $5.59M 12/26/2021 $0.13M
Current Liabilities: $0.39M $0.40M 12/26/2021 $0.01M
Total Debt: $0.00M $0.00M 12/26/2021 $0.00M
Cash: $5.46M $5.59M 12/26/2021 $0.13M
Enterprise Value: $24.31M $27.01M 11/09/1970 $2.70M
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: Yes Yes 12/26/2021 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 12/26/2021 0.00%
Misc 12/26/2021
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 43,000,000 43,000,000 12/26/2021 0
Shares (FD): 53,000,000 53,000,000 12/26/2021 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2024 12/26/2021 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
12/26/2021 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
12/26/2021 0
Initial CapEx (Outstanding): $135.00M
453.44% of Mkt.Cap
$135.00M
414.02% of Mkt.Cap
12/26/2021 $0.00M
Funding Option: n/a n/a 12/26/2021 n/a
Documentation: none PFS 12/26/2021 n/a
Value Adjustment: -40% -40% never 0%

Resource Data

GOLD 12/26/2021
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 1.00M 1.00M 12/26/2021 0.00M
Measured & Indicated: 2.00M 2.00M 12/26/2021 0.00M
Inferred: 1.00M 1.00M 12/26/2021 0.00M
Reserves & Resources: 3.00M 3.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 0.85M 0.85M 12/26/2021 0.00M
Measured & Indicated: 1.53M 1.53M 12/26/2021 0.00M
Inferred: 0.43M 0.43M 12/26/2021 0.00M
Reserves & Resources: 1.96M 1.96M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 12/26/2021 $0.00
Extra Operating Cost: n/a n/a 12/26/2021 $0.00
Average Grade: 1.40 g/t 1.40 g/t 12/26/2021 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 12/26/2021 0.00%
F
U
T
U
R
E
Proven & Probable: 2.00M 2.00M 12/26/2021 0.00M
Annual Production: 80,000oz. 80,000oz. 12/26/2021 0oz.
Cash Cost: $850 $850 12/26/2021 $0
Extra Operating Cost: $450 $450 12/26/2021 $0
SILVER 12/26/2021
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 12/26/2021 0.00M
Measured & Indicated: n/a n/a 12/26/2021 0.00M
Inferred: n/a n/a 12/26/2021 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 12/26/2021 0.00M
Measured & Indicated: n/a n/a 12/26/2021 0.00M
Inferred: n/a n/a 12/26/2021 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 12/26/2021 $0.00
Extra Operating Cost: n/a n/a 12/26/2021 $0.00
Average Grade: n/a n/a 12/26/2021 n/a
Recovery Rate: n/a n/a 12/26/2021 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 12/26/2021 0.00M
Annual Production: n/a n/a 12/26/2021 n/a
Cash Cost: n/a n/a 12/26/2021 n/a
Extra Operating Cost: n/a n/a 12/26/2021 n/a

Property

Last Analysis Data  (12/26/2021)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Exploration Saskatchewan, Canada Goldfields 100% (guess) 10,000 Open Pit show
1 million oz at 1.4 gpt
$135 million capex
Exploration Mexico, Mexico Ixhuatan 100% (guess) 4,000 Open Pit show
1.7 million oz at 1.4 gpt

This needs confirmation.
Total Land Package Size (ha): 14,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Exploration Saskatchewan, Canada Goldfields 100% (guess) 10,000 Open Pit show
1 million oz at 1.4 gpt
$135 million capex
Exploration Mexico, Mexico Ixhuatan 100% (guess) 4,000 Open Pit show
1.7 million oz at 1.4 gpt

This needs confirmation.
Total Land Package Size (ha): 14,000  

Profitability (by resource)

Proven &
Probable
12/26/2021
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 0.11M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.85M 0.85M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.09M
Maximum Profit (Gold): $181.64M $184.78M n/a $3.14M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $181.64M $184.78M n/a $3.14M
Max Profit / Current MCap: 6.101 5.667 n/a -0.434
Max Profit Per Share (Gold): $3.43 $3.49 n/a $0.06
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $3.43 $3.49 n/a $0.06
Total Free Profit Per Share: $2.71 $2.72 n/a $0.01
FD Mkt. Cap / Gold Eq.: $35.03 $38.36 n/a $3.33
FD Mkt. Cap / Silver Eq.: $0.44 $0.48 n/a $0.04
FD Mkt. Cap / Per Metal
as % Spot Price:
1.94% 2.11% n/a 0.17%
Measured &
Indicated
12/26/2021
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.): 2.00M 2.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.22M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 1.53M 1.53M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.16M
Maximum Profit (Gold): $326.95M $332.61M n/a $5.65M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $326.95M $332.61M n/a $5.65M
Max Profit / Current MCap: 10.982 10.201 n/a -0.781
Max Profit Per Share (Gold): $6.17 $6.28 n/a $0.11
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $6.17 $6.28 n/a $0.11
Total Free Profit Per Share: $5.45 $5.51 n/a $0.06
FD Mkt. Cap / Gold Eq.: $19.46 $21.31 n/a $1.85
FD Mkt. Cap / Silver Eq.: $0.25 $0.27 n/a $0.02
FD Mkt. Cap / Per Metal
as % Spot Price:
1.08% 1.17% n/a 0.10%

Reserves &
Resources
12/26/2021
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.): 3.00M 3.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.32M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 1.96M 1.96M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.21M
Maximum Profit (Gold): $417.78M $425.00M n/a $7.23M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $417.78M $425.00M n/a $7.23M
Max Profit / Current MCap: 14.032 13.034 n/a -0.998
Max Profit Per Share (Gold): $7.88 $8.02 n/a $0.14
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $7.88 $8.02 n/a $0.14
Total Free Profit Per Share: $7.16 $7.25 n/a $0.09
FD Mkt. Cap / Gold Eq.: $15.23 $16.68 n/a $1.45
FD Mkt. Cap / Silver Eq.: $0.19 $0.21 n/a $0.02
FD Mkt. Cap / Per Metal
as % Spot Price:
0.84% 0.92% n/a 0.08%

Future Valuation (Cash Flow & Totals)

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