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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$31.06M which is a rise of roughly 249% over the last six months. As of 12/29/2024 they have no debt and ~C$0.74M 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 $31.06M 12/29/2024
Total Assets: $7.64M $8.10M 12/29/2024
Total Liabilities: $0.69M $0.74M 12/29/2024
Current Assets: $0.69M $0.74M 12/29/2024
Current Liabilities: $0.35M $0.37M 12/29/2024
Total Debt: $0.00M $0.00M 12/29/2024
Cash: $0.69M $0.74M 12/29/2024
Enterprise Value: $8.21M $30.32M 12/17/1970
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
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
Initial CapEx (Outstanding): $185.00M
2077.18% of MCap		 $185.00M
595.62% of MCap 		12/29/2024
Funding Option: n/a n/a 12/29/2024
Documentation: none PEA 12/29/2024
Future MCap Modifier: 0.02
PG/Explorer: Average Project
 0.02
PG/Explorer: Average Project
 12/29/2024
Cash Flow Multiplier: 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
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
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 Au Ag Cu Notes
Dev Goldfields 100% show
1.2 million oz at 1.2 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
Dev Goldfields 100% show
1.2 million oz at 1.2 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		 12/29/2024
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 $1,947.36M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $1,294.47M $1,947.36M n/a
Max Profit / Current MCap: 145.343 62.697 n/a
Max Profit Per Share (Gold): $22.71 $34.16 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $22.71 $34.16 n/a
Total Free Profit Per Share: $22.48 $33.42 n/a
FD MCap / Gold Eq.: $10.48 $36.54 n/a
FD MCap / Silver Eq.: $0.12 $0.39 n/a
FD MCap / Per Metal
as % Spot Price:		 0.40% 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 $3,505.25M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $2,330.04M $3,505.25M n/a
Max Profit / Current MCap: 261.617 112.854 n/a
Max Profit Per Share (Gold): $40.88 $61.50 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $40.88 $61.50 n/a
Total Free Profit Per Share: $40.65 $60.76 n/a
FD MCap / Gold Eq.: $5.82 $20.30 n/a
FD MCap / Silver Eq.: $0.07 $0.22 n/a
FD MCap / Per Metal
as % Spot Price:		 0.22% 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 $4,478.92M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $2,977.27M $4,478.92M n/a
Max Profit / Current MCap: 334.288 144.203 n/a
Max Profit Per Share (Gold): $52.23 $78.58 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $52.23 $78.58 n/a
Total Free Profit Per Share: $52.01 $77.84 n/a
FD MCap / Gold Eq.: $4.56 $15.89 n/a
FD MCap / Silver Eq.: $0.05 $0.17 n/a
FD MCap / Per Metal
as % Spot Price:		 0.17% 0.47% n/a

Future Valuation (Cash Flow & Totals)

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