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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$8.91M which is a fall of roughly 24% over the last five months. As of 12/24/2022 they have no debt and ~C$0.74M 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 12/24/2022
Last
Analysis
Data
Current Data
Item Value Value Updated
MCap (FD): $11.66M $8.91M 12/24/2022
Total Assets: $8.09M $8.19M 12/24/2022
Total Liabilities: $0.74M $0.74M 12/24/2022
Current Assets: $0.74M $0.74M 12/24/2022
Current Liabilities: $0.37M $0.37M 12/24/2022
Total Debt: $0.00M $0.00M 12/24/2022
Cash: $0.74M $0.74M 12/24/2022
Enterprise Value: $10.93M $8.16M 04/05/1970
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 12/24/2022
Misc 12/24/2022
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 43,000,000 43,000,000 12/24/2022
Shares (FD): 52,000,000 52,000,000 12/24/2022
Insider Ownership: n/a n/a never
Company Type: Mostly Gold Mostly Gold never
Production ETA: n/a 01/01/2025 12/24/2022
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 12/24/2022
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 12/24/2022
Initial CapEx (Outstanding): $185.00M
1586.33% of MCap		 $185.00M
2077.45% of MCap 		12/24/2022
Funding Option: n/a n/a 12/24/2022
Documentation: none PFS 04/18/2023
Future MCap Modifier: 0.08
Developer: Location Risk for Production
 0.08
Developer: Location Risk for Production
 04/24/2023
Cash Flow Multiplier: 5 3 04/18/2023

Resource Data

GOLD 12/24/2022
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 12/24/2022
Measured & Indicated: 2.00M 2.00M 12/24/2022
Inferred: 1.00M 1.00M 12/24/2022
Reserves & Resources: 3.00M 3.00M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: 0.85M 0.85M 12/24/2022
Measured & Indicated: 1.53M 1.53M 12/24/2022
Inferred: 0.43M 0.43M 12/24/2022
Reserves & Resources: 1.96M 1.96M never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 12/24/2022
Extra Operating Cost: n/a n/a 12/24/2022
Average Grade: 1.40 g/t 1.40 g/t 12/24/2022
Recovery Rate: (CG)  85.00% (CG)  85.00% 04/18/2023
F
U
T
U
R
E		 Proven & Probable: 2.00M 2.00M 12/24/2022
Annual Production: 80,000oz. 80,000oz. 12/24/2022
Cash Cost: $850 $1,000 04/18/2023
Extra Operating Cost: $450 $500 04/18/2023
SILVER 12/24/2022
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 12/24/2022
Measured & Indicated: n/a n/a 12/24/2022
Inferred: n/a n/a 12/24/2022
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 12/24/2022
Measured & Indicated: n/a n/a 12/24/2022
Inferred: n/a n/a 12/24/2022
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 12/24/2022
Extra Operating Cost: n/a n/a 12/24/2022
Average Grade: n/a n/a 12/24/2022
Recovery Rate: n/a n/a 12/24/2022
F
U
T
U
R
E		 Proven & Probable: n/a n/a 12/24/2022
Annual Production: n/a n/a 12/24/2022
Cash Cost: n/a n/a 12/24/2022
Extra Operating Cost: n/a n/a 12/24/2022

Property

Last Analysis Data  (12/24/2022)
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		 12/24/2022
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): $423.05M $380.21M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $423.05M $380.21M n/a
Max Profit / Current MCap: 36.275 42.695 n/a
Max Profit Per Share (Gold): $8.14 $7.31 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $8.14 $7.31 n/a
Total Free Profit Per Share: $7.83 $7.08 n/a
FD MCap / Gold Eq.: $13.72 $10.48 n/a
FD MCap / Silver Eq.: $0.18 $0.13 n/a
FD MCap / Per Metal
as % Spot Price:		 0.76% 0.54% n/a
Measured &
Indicated		 12/24/2022
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): $761.48M $684.37M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $761.48M $684.37M n/a
Max Profit / Current MCap: 65.295 76.851 n/a
Max Profit Per Share (Gold): $14.64 $13.16 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $14.64 $13.16 n/a
Total Free Profit Per Share: $14.34 $12.93 n/a
FD MCap / Gold Eq.: $7.62 $5.82 n/a
FD MCap / Silver Eq.: $0.10 $0.07 n/a
FD MCap / Per Metal
as % Spot Price:		 0.42% 0.30% n/a

Reserves &
Resources		 12/24/2022
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): $973.00M $874.47M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $973.00M $874.47M n/a
Max Profit / Current MCap: 83.433 98.198 n/a
Max Profit Per Share (Gold): $18.71 $16.82 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $18.71 $16.82 n/a
Total Free Profit Per Share: $18.41 $16.59 n/a
FD MCap / Gold Eq.: $5.97 $4.56 n/a
FD MCap / Silver Eq.: $0.08 $0.06 n/a
FD MCap / Per Metal
as % Spot Price:		 0.33% 0.23% n/a

Future Valuation (Cash Flow & Totals)

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