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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 developer 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$9.51M which is a rise of roughly 27% over the last ten months. As of 12/28/2023 they have no debt and ~C$0.73M 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 $9.51M 12/28/2023 $2.03M
Total Assets: $8.32M $8.05M 12/28/2023 $-0.28M
Total Liabilities: $0.76M $0.73M 12/28/2023 $-0.03M
Current Assets: $0.76M $0.73M 12/28/2023 $-0.03M
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 $0.73M 12/28/2023 $-0.03M
Enterprise Value: $6.72M $8.78M 04/12/1970 $2.06M
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
Dividend (Annual): 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
1945.28% 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
Total: $1,500 $1,500 12/28/2023 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): 1.40 g/t n/a 12/28/2023 n/a
Open Pit (Avg): n/a 1.40 g/t 12/28/2023 1.40 g/t
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
Total: n/a n/a 12/28/2023 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 12/28/2023 n/a
Open Pit (Avg): 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 -1.15M
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 -0.98M
Maximum Profit (Gold): $480.00M $941.97M n/a $461.98M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $480.00M $941.97M n/a $461.98M
Max Profit / Current MCap: 64.206 99.048 n/a 34.843
Max Profit Per Share (Gold): $9.23 $18.11 n/a $8.88
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $9.23 $18.11 n/a $8.88
Total Free Profit Per Share: $9.04 $17.86 n/a $8.82
FD MCap / Gold Eq.: $8.80 $11.19 n/a $2.39
FD MCap / Silver Eq.: $0.10 $0.13 n/a $0.03
FD MCap / Per Metal
as % Spot Price:		 0.43% 0.43% 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 -2.29M
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 -1.76M
Maximum Profit (Gold): $863.99M $1,695.55M n/a $831.56M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $863.99M $1,695.55M n/a $831.56M
Max Profit / Current MCap: 115.570 178.287 n/a 62.717
Max Profit Per Share (Gold): $16.62 $32.61 n/a $15.99
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $16.62 $32.61 n/a $15.99
Total Free Profit Per Share: $16.43 $32.36 n/a $15.93
FD MCap / Gold Eq.: $4.89 $6.22 n/a $1.33
FD MCap / Silver Eq.: $0.06 $0.07 n/a $0.02
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 -3.44M
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 -2.24M
Maximum Profit (Gold): $1,103.99M $2,166.53M n/a $1,062.54M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,103.99M $2,166.53M n/a $1,062.54M
Max Profit / Current MCap: 147.673 227.811 n/a 80.139
Max Profit Per Share (Gold): $21.23 $41.66 n/a $20.43
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $21.23 $41.66 n/a $20.43
Total Free Profit Per Share: $21.04 $41.41 n/a $20.37
FD MCap / Gold Eq.: $3.82 $4.86 n/a $1.04
FD MCap / Silver Eq.: $0.04 $0.06 n/a $0.01
FD MCap / Per Metal
as % Spot Price:		 0.19% 0.19% n/a 0.00%

Future Valuation (Cash Flow & Totals)

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