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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$19.06M which is a fall of roughly 41% over the last nine months. As of 12/26/2020 they have no debt and ~C$1.18M cash. They have 29M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 12/26/2020
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $32.07M $19.06M 12/26/2020 $-13.02M
Total Assets: $13.23M $13.39M 12/26/2020 $0.16M
Total Liabilities: $0.78M $0.79M 12/26/2020 $0.01M
Current Assets: $1.17M $1.18M 12/26/2020 $0.01M
Current Liabilities: $0.39M $0.39M 12/26/2020 $0.00M
Total Debt: $0.00M $0.00M 12/26/2020 $0.00M
Cash: $1.17M $1.18M 12/26/2020 $0.01M
Enterprise Value: $30.91M $17.88M 07/26/1970 $-13.03M
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 12/26/2020 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 12/26/2020 0.00%
Misc 12/26/2020
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 29,205,000 29,205,000 12/26/2020 0
Shares (FD): 37,801,000 37,801,000 12/26/2020 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2023 12/26/2020 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
12/26/2020 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
12/26/2020 0
Initial CapEx (Outstanding): $135.00M
420.9% of Mkt.Cap
$135.00M
708.4% of Mkt.Cap
12/26/2020 $0.00M
Funding Option: n/a n/a 12/26/2020 n/a
Documentation: none PFS 12/26/2020 n/a
Value Adjustment: -20% -20% never 0%

Resource Data

GOLD 12/26/2020
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 12/26/2020 0.00M
Measured & Indicated: 2.00M 2.00M 12/26/2020 0.00M
Inferred: 1.00M 1.00M 12/26/2020 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 12/26/2020 0.00M
Measured & Indicated: 1.53M 1.53M 12/26/2020 0.00M
Inferred: 0.43M 0.43M 12/26/2020 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 12/26/2020 $0.00
Extra Operating Cost: n/a n/a 12/26/2020 $0.00
Average Grade: 1.40 g/t 1.40 g/t 12/26/2020 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 12/26/2020 0.00%
F
U
T
U
R
E
Proven & Probable: 2.00M 2.00M 12/26/2020 0.00M
Annual Production: 80,000oz. 80,000oz. 12/26/2020 0oz.
Cash Cost: $850 $850 12/26/2020 $0
Extra Operating Cost: $450 $450 12/26/2020 $0
SILVER 12/26/2020
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 12/26/2020 0.00M
Measured & Indicated: n/a n/a 12/26/2020 0.00M
Inferred: n/a n/a 12/26/2020 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 12/26/2020 0.00M
Measured & Indicated: n/a n/a 12/26/2020 0.00M
Inferred: n/a n/a 12/26/2020 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 12/26/2020 $0.00
Extra Operating Cost: n/a n/a 12/26/2020 $0.00
Average Grade: n/a n/a 12/26/2020 n/a
Recovery Rate: n/a n/a 12/26/2020 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 12/26/2020 0.00M
Annual Production: n/a n/a 12/26/2020 n/a
Cash Cost: n/a n/a 12/26/2020 n/a
Extra Operating Cost: n/a n/a 12/26/2020 n/a

Property

Last Analysis Data  (12/26/2020)
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
12/26/2020
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 5.19M
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 4.41M
Maximum Profit (Gold): $275.27M $214.25M n/a $-61.02M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $275.27M $214.25M n/a $-61.02M
Max Profit / Current MCap: 8.582 11.242 n/a 2.660
Max Profit Per Share (Gold): $7.28 $5.67 n/a $-1.61
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $7.28 $5.67 n/a $-1.61
Total Free Profit Per Share: $6.19 $5.03 n/a $-1.16
FD Mkt. Cap / Gold Eq.: $37.73 $22.42 n/a $-15.31
FD Mkt. Cap / Silver Eq.: $0.52 $0.29 n/a $-0.23
FD Mkt. Cap / Per Metal
as % Spot Price:
2.01% 1.28% n/a -0.73%
Measured &
Indicated
12/26/2020
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 10.37M
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 7.93M
Maximum Profit (Gold): $495.49M $385.65M n/a $-109.84M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $495.49M $385.65M n/a $-109.84M
Max Profit / Current MCap: 15.448 20.236 n/a 4.788
Max Profit Per Share (Gold): $13.11 $10.20 n/a $-2.91
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $13.11 $10.20 n/a $-2.91
Total Free Profit Per Share: $12.02 $9.56 n/a $-2.46
FD Mkt. Cap / Gold Eq.: $20.96 $12.46 n/a $-8.51
FD Mkt. Cap / Silver Eq.: $0.29 $0.16 n/a $-0.13
FD Mkt. Cap / Per Metal
as % Spot Price:
1.12% 0.71% n/a -0.40%

Reserves &
Resources
12/26/2020
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 15.56M
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 10.14M
Maximum Profit (Gold): $633.12M $492.77M n/a $-140.35M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $633.12M $492.77M n/a $-140.35M
Max Profit / Current MCap: 19.739 25.858 n/a 6.119
Max Profit Per Share (Gold): $16.75 $13.04 n/a $-3.71
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $16.75 $13.04 n/a $-3.71
Total Free Profit Per Share: $15.66 $12.40 n/a $-3.26
FD Mkt. Cap / Gold Eq.: $16.41 $9.75 n/a $-6.66
FD Mkt. Cap / Silver Eq.: $0.22 $0.12 n/a $-0.10
FD Mkt. Cap / Per Metal
as % Spot Price:
0.87% 0.56% n/a -0.32%

Future Valuation (Cash Flow & Totals)

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