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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$21.04M which is a rise of roughly 136% over the last four months. As of 12/29/2024 they have no debt and ~C$0.72M 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
Change
Item Value Value Updated Value
MCap (FD): $8.91M $21.04M 12/29/2024 $12.13M
Total Assets: $7.64M $7.96M 12/29/2024 $0.32M
Total Liabilities: $0.69M $0.72M 12/29/2024 $0.03M
Current Assets: $0.69M $0.72M 12/29/2024 $0.03M
Current Liabilities: $0.35M $0.36M 12/29/2024 $0.01M
Total Debt: $0.00M $0.00M 12/29/2024 $0.00M
Cash: $0.69M $0.72M 12/29/2024 $0.03M
Enterprise Value: $8.21M $20.31M 08/23/1970 $12.10M
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 12/29/2024 n/a
Misc 12/29/2024
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 48,680,000 48,680,000 12/29/2024 0
Shares (FD): 57,000,000 57,000,000 12/29/2024 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 12/29/2024 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 12/29/2024 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 12/29/2024 0
Initial CapEx (Outstanding): $185.00M
2077.18% of MCap		 $185.00M
879.38% of MCap 		12/29/2024 $0.00M
Funding Option: n/a n/a 12/29/2024 n/a
Documentation: none PEA 12/29/2024 n/a
Future MCap Modifier: 0.02
PG/Explorer: Average Project
 0.02
PG/Explorer: Average Project
 12/29/2024 0
Cash Flow Multiplier: none none 12/29/2024 0.00

Resource Data

GOLD 12/29/2024
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 12/29/2024 0.00M
Measured & Indicated: 2.00M 2.00M 12/29/2024 0.00M
Inferred: 1.00M 1.00M 12/29/2024 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 12/29/2024 0.00M
Measured & Indicated: 1.53M 1.53M 12/29/2024 0.00M
Inferred: 0.43M 0.43M 12/29/2024 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: $750 $750 12/29/2024 $0.00
Extra Operating Cost: $350 $350 12/29/2024 $0.00
Total: $1,100 $1,100 12/29/2024 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 12/29/2024 n/a
Open Pit (Avg): n/a 1.30 g/t 12/29/2024 1.30 g/t
Recovery Rate: (CG)  85.00% (CG)  85.00% 12/29/2024 0.00%
F
U
T
U
R
E		 Proven & Probable: 2.00M 2.00M 12/29/2024 0.00M
Annual Production: n/a n/a 12/29/2024 n/a
Cash Cost: n/a n/a 12/29/2024 n/a
Extra Operating Cost: n/a n/a 12/29/2024 n/a
SILVER 12/29/2024
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 12/29/2024 0.00M
Measured & Indicated: n/a n/a 12/29/2024 0.00M
Inferred: n/a n/a 12/29/2024 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 12/29/2024 0.00M
Measured & Indicated: n/a n/a 12/29/2024 0.00M
Inferred: n/a n/a 12/29/2024 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 12/29/2024 $0.00
Extra Operating Cost: n/a n/a 12/29/2024 $0.00
Total: n/a n/a 12/29/2024 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 12/29/2024 n/a
Open Pit (Avg): n/a n/a 12/28/2023 n/a
Recovery Rate: n/a n/a 12/29/2024 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 12/29/2024 0.00M
Annual Production: n/a n/a 12/29/2024 n/a
Cash Cost: n/a n/a 12/29/2024 n/a
Extra Operating Cost: n/a n/a 12/29/2024 n/a

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
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 10.29M
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 8.75M
Maximum Profit (Gold): $1,294.47M $1,809.57M n/a $515.10M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,294.47M $1,809.57M n/a $515.10M
Max Profit / Current MCap: 145.343 86.016 n/a -59.326
Max Profit Per Share (Gold): $22.71 $31.75 n/a $9.04
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $22.71 $31.75 n/a $9.04
Total Free Profit Per Share: $22.48 $31.24 n/a $8.75
FD MCap / Gold Eq.: $10.48 $24.75 n/a $14.27
FD MCap / Silver Eq.: $0.12 $0.25 n/a $0.13
FD MCap / Per Metal
as % Spot Price:		 0.40% 0.77% n/a 0.37%
Measured &
Indicated		 12/29/2024
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 20.58M
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 15.74M
Maximum Profit (Gold): $2,330.04M $3,257.22M n/a $927.18M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $2,330.04M $3,257.22M n/a $927.18M
Max Profit / Current MCap: 261.617 154.830 n/a -106.787
Max Profit Per Share (Gold): $40.88 $57.14 n/a $16.27
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $40.88 $57.14 n/a $16.27
Total Free Profit Per Share: $40.65 $56.63 n/a $15.98
FD MCap / Gold Eq.: $5.82 $13.75 n/a $7.93
FD MCap / Silver Eq.: $0.07 $0.14 n/a $0.07
FD MCap / Per Metal
as % Spot Price:		 0.22% 0.43% n/a 0.20%

Reserves &
Resources		 12/29/2024
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 30.87M
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 20.12M
Maximum Profit (Gold): $2,977.27M $4,162.00M n/a $1,184.73M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $2,977.27M $4,162.00M n/a $1,184.73M
Max Profit / Current MCap: 334.288 197.838 n/a -136.450
Max Profit Per Share (Gold): $52.23 $73.02 n/a $20.78
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $52.23 $73.02 n/a $20.78
Total Free Profit Per Share: $52.01 $72.51 n/a $20.50
FD MCap / Gold Eq.: $4.56 $10.76 n/a $6.21
FD MCap / Silver Eq.: $0.05 $0.11 n/a $0.06
FD MCap / Per Metal
as % Spot Price:		 0.17% 0.33% n/a 0.16%

Future Valuation (Cash Flow & Totals)

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