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Fortune Bay Corp

www: www.fortunebaycorp.com   email: info@fortunebaycorp.com
Category: Junior: Project Generator
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Symbol Data

Symbol Currency
CVE:FOR CAD
OTCMKTS:FTBYF USD

Description

Fortune Bay Corp are a gold focused junior, project generator with one mine in development in Canada and one exploration property. 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$33.1M which is a rise of roughly 272% over the last eight months. As of 12/29/2024 they have no debt and ~C$0.73M cash. They have 49M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 12/29/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
MCap (FD): $8.91M $33.10M 12/29/2024
MCap (OS): $7.61M $28.27M 12/29/2024
Total Assets: $7.64M $7.98M 12/29/2024
Total Liabilities: $0.69M $0.73M 12/29/2024
Current Assets: $0.69M $0.73M 12/29/2024
Current Liabilities: $0.35M $0.36M 12/29/2024
Total Debt: $0.00M $0.00M 12/29/2024
Cash: $0.69M $0.73M 12/29/2024
Debt (Net): $-0.69M $-0.73M
Enterprise Value: $8.21M $32.37M 01/10/1971
Cash Flow: $0.00M $0.00M never
Cash Flow Multiple: 0.00 0.00 never
Net Debt to
Cash Flow Ratio:		 n/a n/a never
Finance within 1 year: Yes Yes 12/29/2024
Misc 12/29/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 48,680,000 48,680,000 12/29/2024
Shares (FD): 57,000,000 57,000,000 12/29/2024
Insider Ownership: n/a n/a never
Dividend (Annual): n/a n/a never
Company Type: Mostly Gold Mostly Gold never
Group: Explorer Explorer never
Production ETA: n/a 01/01/2027 12/29/2024
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 12/29/2024
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 12/29/2024
Development Phase: none PEA Released 12/29/2024
Optionality Play: none No
F
U
T
U
R
E		 % of Spot: 2
PG/Explorer: Average Project
 2
PG/Explorer: Average Project
 12/29/2024
Cash Flow Multiple: none none 12/29/2024

Resource Data

GOLD 12/29/2024
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 1.00M 1.00M 12/29/2024
Measured & Indicated: 2.00M 2.00M 12/29/2024
Inferred: 1.00M 1.00M 12/29/2024
Reserves & Resources: 3.00M 3.00M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: 0.85M 0.85M 12/29/2024
Measured & Indicated: 1.53M 1.53M 12/29/2024
Inferred: 0.43M 0.43M 12/29/2024
Reserves & Resources: 1.96M 1.96M never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: $750 $750 12/29/2024
Extra Operating Cost: $350 $350 12/29/2024
Total: $1,100 $1,100 12/29/2024
Margin (Free Cash Flow): n/a
MCap / Production (AuEq): n/a n/a
EV / Production (AuEq): n/a n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 12/29/2024
Open Pit (Avg): n/a 1.30 g/t 12/29/2024
Recovery Rate: (CG)  85.00% (CG)  85.00% 12/29/2024
F
U
T
U
R
E		 Proven & Probable: 2.00M 2.00M 12/29/2024
Annual Production: n/a n/a 12/29/2024
Cash Cost: n/a n/a 12/29/2024
Extra Operating Cost: n/a n/a 12/29/2024
SILVER 12/29/2024
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 12/29/2024
Measured & Indicated: n/a n/a 12/29/2024
Inferred: n/a n/a 12/29/2024
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 12/29/2024
Measured & Indicated: n/a n/a 12/29/2024
Inferred: n/a n/a 12/29/2024
Reserves & Resources: n/a n/a never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 12/29/2024
Extra Operating Cost: n/a n/a 12/29/2024
Total: n/a n/a 12/29/2024
Margin (Free Cash Flow): n/a
MCap / Production (AgEq): n/a n/a
EV / Production (AgEq): n/a n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 12/29/2024
Open Pit (Avg): n/a n/a 12/28/2023
Recovery Rate: n/a n/a 12/29/2024
F
U
T
U
R
E		 Proven & Probable: n/a n/a 12/29/2024
Annual Production: n/a n/a 12/29/2024
Cash Cost: n/a n/a 12/29/2024
Extra Operating Cost: n/a n/a 12/29/2024

Property

Last Analysis Data  (12/29/2024)
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Dev Goldfields
100 show
1.2 million oz at 1.2 gpt
$185 million capex

Size: 10,000 ha
Exp Ixhuatan
100 show
1.7 million oz at 1.4 gpt

This needs confirmation.

Size: 4,000 ha
Current Data
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Dev Goldfields
100 20.00 185.00 show
1.2 million oz at 1.2 gpt
$185 million capex

Size: 10,000 ha
Exp Ixhuatan
100 show
1.7 million oz at 1.4 gpt

This needs confirmation.

Size: 4,000 ha

Profitability (by resource)

Proven &
Probable		 12/29/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 1.00M 1.00M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.85M 0.85M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $1,294.47M $2,064.81M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $1,294.47M $2,064.81M n/a
Max Profit / Current MCap: 145.343 62.387 n/a
Max Profit Per Share (Gold): $22.71 $36.22 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $22.71 $36.22 n/a
Total Free Profit Per Share: $22.48 $35.42 n/a
FD MCap / Gold Eq.: $10.48 $38.94 n/a
FD MCap / Silver Eq.: $0.12 $0.45 n/a
FD MCap / Per Metal
as % Spot Price:		 0.40% 1.10% n/a
EV / Gold Eq.: $9.66 $38.08 n/a
EV / Silver Eq.: $0.11 $0.44 n/a
EV / Per Metal
as % Spot Price:		 0.37% 1.08% n/a
Measured &
Indicated		 12/29/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 2.00M 2.00M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.53M 1.53M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $2,330.04M $3,716.66M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $2,330.04M $3,716.66M n/a
Max Profit / Current MCap: 261.617 112.297 n/a
Max Profit Per Share (Gold): $40.88 $65.20 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $40.88 $65.20 n/a
Total Free Profit Per Share: $40.65 $64.40 n/a
FD MCap / Gold Eq.: $5.82 $21.63 n/a
FD MCap / Silver Eq.: $0.07 $0.25 n/a
FD MCap / Per Metal
as % Spot Price:		 0.22% 0.61% n/a
EV / Gold Eq.: $5.37 $21.16 n/a
EV / Silver Eq.: $0.06 $0.24 n/a
EV / Per Metal
as % Spot Price:		 0.20% 0.60% n/a

Reserves &
Resources		 12/29/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 3.00M 3.00M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.96M 1.96M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $2,977.27M $4,749.07M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $2,977.27M $4,749.07M n/a
Max Profit / Current MCap: 334.288 143.490 n/a
Max Profit Per Share (Gold): $52.23 $83.32 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $52.23 $83.32 n/a
Total Free Profit Per Share: $52.01 $82.52 n/a
FD MCap / Gold Eq.: $4.56 $16.93 n/a
FD MCap / Silver Eq.: $0.05 $0.20 n/a
FD MCap / Per Metal
as % Spot Price:		 0.17% 0.48% n/a
EV / Gold Eq.: $4.20 $16.56 n/a
EV / Silver Eq.: $0.05 $0.19 n/a
EV / Per Metal
as % Spot Price:		 0.16% 0.47% n/a

Future Valuation (Cash Flow & Totals)

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