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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$7.33M which is a fall of roughly 2% over the last two months. As of 12/28/2023 they have no debt and ~C$0.74M cash. They have 46M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 12/28/2023
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
MCap (FD): $7.48M $7.33M 12/28/2023 $-0.15M
Total Assets: $8.32M $8.16M 12/28/2023 $-0.16M
Total Liabilities: $0.76M $0.74M 12/28/2023 $-0.01M
Current Assets: $0.76M $0.74M 12/28/2023 $-0.01M
Current Liabilities: $0.38M $0.37M 12/28/2023 $-0.01M
Total Debt: $0.00M $0.00M 12/28/2023 $0.00M
Cash: $0.76M $0.74M 12/28/2023 $-0.01M
Enterprise Value: $6.72M $6.59M 03/18/1970 $-0.13M
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 12/28/2023 n/a
Misc 12/28/2023
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 45,957,250 45,957,250 12/28/2023 0
Shares (FD): 52,000,000 52,000,000 12/28/2023 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2027 12/28/2023 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
12/28/2023 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
12/28/2023 0
Initial CapEx (Outstanding): $185.00M
2474.61% of MCap
$185.00M
2523.84% of MCap
12/28/2023 $0.00M
Funding Option: n/a n/a 12/28/2023 n/a
Documentation: none PEA 12/28/2023 n/a
Future MCap Modifier: 0.08
Developer: Location Risk for Production
0.05
Developer: Early Development
12/28/2023 0
Cash Flow Multiplier: 3 2 12/28/2023 -1.00

Resource Data

GOLD 12/28/2023
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 12/28/2023 0.00M
Measured & Indicated: 2.00M 2.00M 12/28/2023 0.00M
Inferred: 1.00M 1.00M 12/28/2023 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 12/28/2023 0.00M
Measured & Indicated: 1.53M 1.53M 12/28/2023 0.00M
Inferred: 0.43M 0.43M 12/28/2023 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 12/28/2023 $0.00
Extra Operating Cost: n/a n/a 12/28/2023 $0.00
Average Grade: 1.40 g/t 1.40 g/t 12/28/2023 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 12/28/2023 0.00%
F
U
T
U
R
E
Proven & Probable: 2.00M 2.00M 12/28/2023 0.00M
Annual Production: 80,000oz. 80,000oz. 12/28/2023 0oz.
Cash Cost: $1,000 $1,000 12/28/2023 $0
Extra Operating Cost: $500 $500 12/28/2023 $0
SILVER 12/28/2023
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 12/28/2023 0.00M
Measured & Indicated: n/a n/a 12/28/2023 0.00M
Inferred: n/a n/a 12/28/2023 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 12/28/2023 0.00M
Measured & Indicated: n/a n/a 12/28/2023 0.00M
Inferred: n/a n/a 12/28/2023 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 12/28/2023 $0.00
Extra Operating Cost: n/a n/a 12/28/2023 $0.00
Average Grade: n/a n/a 12/28/2023 n/a
Recovery Rate: n/a n/a 12/28/2023 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 12/28/2023 0.00M
Annual Production: n/a n/a 12/28/2023 n/a
Cash Cost: n/a n/a 12/28/2023 n/a
Extra Operating Cost: n/a n/a 12/28/2023 n/a

Property

Last Analysis Data  (12/28/2023)
Stage Name Owned Au Ag Cu Notes
Exp Goldfields 100% show
1 million oz at 1.4 gpt
$185 million capex
Exp Ixhuatan 100% show
1.7 million oz at 1.4 gpt

This needs confirmation.
Total Land Package Size (ha): 14,000  
Current Data
Stage Name Owned Au Ag Cu Notes
Exp Goldfields 100% show
1 million oz at 1.4 gpt
$185 million capex
Exp Ixhuatan 100% show
1.7 million oz at 1.4 gpt

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

Profitability (by resource)

Proven &
Probable
12/28/2023
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 1.85M
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 1.58M
Maximum Profit (Gold): $480.00M $454.75M n/a $-25.25M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $480.00M $454.75M n/a $-25.25M
Max Profit / Current MCap: 64.206 62.039 n/a -2.167
Max Profit Per Share (Gold): $9.23 $8.75 n/a $-0.49
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $9.23 $8.75 n/a $-0.49
Total Free Profit Per Share: $9.04 $8.56 n/a $-0.49
FD MCap / Gold Eq.: $8.80 $8.62 n/a $-0.17
FD MCap / Silver Eq.: $0.10 $0.10 n/a $0.00
FD MCap / Per Metal
as % Spot Price:
0.43% 0.42% n/a 0.00%
Measured &
Indicated
12/28/2023
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 3.71M
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 2.84M
Maximum Profit (Gold): $863.99M $818.55M n/a $-45.44M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $863.99M $818.55M n/a $-45.44M
Max Profit / Current MCap: 115.570 111.670 n/a -3.900
Max Profit Per Share (Gold): $16.62 $15.74 n/a $-0.87
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $16.62 $15.74 n/a $-0.87
Total Free Profit Per Share: $16.43 $15.55 n/a $-0.87
FD MCap / Gold Eq.: $4.89 $4.79 n/a $-0.10
FD MCap / Silver Eq.: $0.06 $0.05 n/a $0.00
FD MCap / Per Metal
as % Spot Price:
0.24% 0.24% n/a 0.00%

Reserves &
Resources
12/28/2023
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 5.56M
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 3.63M
Maximum Profit (Gold): $1,103.99M $1,045.93M n/a $-58.06M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,103.99M $1,045.93M n/a $-58.06M
Max Profit / Current MCap: 147.673 142.689 n/a -4.984
Max Profit Per Share (Gold): $21.23 $20.11 n/a $-1.12
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $21.23 $20.11 n/a $-1.12
Total Free Profit Per Share: $21.04 $19.92 n/a $-1.12
FD MCap / Gold Eq.: $3.82 $3.75 n/a $-0.07
FD MCap / Silver Eq.: $0.04 $0.04 n/a $0.00
FD MCap / Per Metal
as % Spot Price:
0.19% 0.18% n/a 0.00%

Future Valuation (Cash Flow & Totals)

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