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Fortune Minerals Ltd.

www: www.fortuneminerals.com/Home/default.aspx   email: info@fortuneminerals.com
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
OTCMKTS:FTMDF USD
TSE:FT CAD

Description

Fortune Minerals Ltd. are a gold focused junior, late stage development company with one mine in development in Canada. They have approximately 1Moz. of gold in the reserves and resources category of which 1Moz. are in the measured and indicated category. They have a market capitalisation of ~C$23.84M which is a rise of roughly 14% over the last four months. As of 02/28/2020 they have ~C$8M debt and ~C$1.47M cash. They have 360M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 02/28/2020
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $20.95M $23.84M 02/28/2020 $2.90M
Total Assets: $55.99M $55.23M 02/28/2020 $-0.76M
Total Liabilities: $8.96M $8.84M 02/28/2020 $-0.12M
Current Assets: $1.49M $1.47M 02/28/2020 $-0.02M
Current Liabilities: $0.15M $0.15M 02/28/2020 $0.00M
Total Debt: $8.21M $8.10M 02/28/2020 $-0.11M
Cash: $1.49M $1.47M 02/28/2020 $-0.02M
Enterprise Value: $27.67M $30.47M 12/19/1970 $2.80M
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: 02/28/2020 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 02/28/2020 0.00%
Misc 02/28/2020
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 359,553,000 359,553,000 02/28/2020 0
Shares (FD): 431,711,000 431,711,000 02/28/2020 0
Insider Ownership: n/a 15% 02/28/2020 15%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 02/28/2020 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
02/28/2020 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
02/28/2020 0
Initial CapEx (Outstanding): $436.00M
2081.37% of Mkt.Cap
$436.00M
1828.6% of Mkt.Cap
02/28/2020 $0.00M
Funding Option: n/a n/a 02/28/2020 n/a
Documentation: none FS 02/28/2020 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 02/28/2020
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 02/28/2020 0.00M
Measured & Indicated: 1.00M 1.00M 02/28/2020 0.00M
Inferred: n/a n/a 02/28/2020 0.00M
Reserves & Resources: 1.00M 1.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 02/28/2020 0.00M
Measured & Indicated: 0.58M 0.58M 02/28/2020 0.00M
Inferred: n/a n/a 02/28/2020 0.00M
Reserves & Resources: 0.58M 0.58M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 02/28/2020 $0.00
Extra Operating Cost: n/a n/a 02/28/2020 $0.00
Average Grade: 1.00 g/t 1.00 g/t 02/28/2020 n/a
Recovery Rate: (CG)  73.00% (CG)  73.00% 02/28/2020 0.00%
F
U
T
U
R
E
Proven & Probable: 1.00M 1.00M 02/28/2020 0.00M
Annual Production: 40,000oz. 40,000oz. 02/28/2020 0oz.
Cash Cost: $1 $1 02/28/2020 $0
Extra Operating Cost: $1 $1 02/28/2020 $0
SILVER 02/28/2020
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 02/28/2020 0.00M
Measured & Indicated: n/a n/a 02/28/2020 0.00M
Inferred: n/a n/a 02/28/2020 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 02/28/2020 0.00M
Measured & Indicated: n/a n/a 02/28/2020 0.00M
Inferred: n/a n/a 02/28/2020 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 02/28/2020 $0.00
Extra Operating Cost: n/a n/a 02/28/2020 $0.00
Average Grade: n/a n/a 02/28/2020 n/a
Recovery Rate: n/a n/a 02/28/2020 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 02/28/2020 0.00M
Annual Production: n/a n/a 02/28/2020 n/a
Cash Cost: n/a n/a 02/28/2020 n/a
Extra Operating Cost: n/a n/a 02/28/2020 n/a

Property

Last Analysis Data  (02/28/2020)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Nico 100% (guess) 5,000 Open Pit show
Shovel Ready.

$436 million capex.
Total Land Package Size (ha): 5,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Nico 100% (guess) 5,000 Open Pit show
Shovel Ready.

$436 million capex.
Total Land Package Size (ha): 5,000  

Profitability (by resource)

Proven &
Probable
02/28/2020
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD Mkt. Cap / Gold Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Silver Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Per Metal
as % Spot Price:
n/a n/a n/a 0.00%
Measured &
Indicated
02/28/2020
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 2.20M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.58M 0.58M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 1.28M
Maximum Profit (Gold): $647.17M $736.25M n/a $89.08M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $647.17M $736.25M n/a $89.08M
Max Profit / Current MCap: 30.895 30.879 n/a -0.016
Max Profit Per Share (Gold): $1.50 $1.71 n/a $0.21
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.50 $1.71 n/a $0.21
Total Free Profit Per Share: $1.43 $1.63 n/a $0.20
FD Mkt. Cap / Gold Eq.: $35.87 $40.83 n/a $4.96
FD Mkt. Cap / Silver Eq.: $0.38 $0.42 n/a $0.04
FD Mkt. Cap / Per Metal
as % Spot Price:
2.26% 2.26% n/a 0.00%

Reserves &
Resources
02/28/2020
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 2.20M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.58M 0.58M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 1.28M
Maximum Profit (Gold): $647.17M $736.25M n/a $89.08M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $647.17M $736.25M n/a $89.08M
Max Profit / Current MCap: 30.895 30.879 n/a -0.016
Max Profit Per Share (Gold): $1.50 $1.71 n/a $0.21
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.50 $1.71 n/a $0.21
Total Free Profit Per Share: $1.43 $1.63 n/a $0.20
FD Mkt. Cap / Gold Eq.: $35.87 $40.83 n/a $4.96
FD Mkt. Cap / Silver Eq.: $0.38 $0.42 n/a $0.04
FD Mkt. Cap / Per Metal
as % Spot Price:
2.26% 2.26% n/a 0.00%

Future Valuation (Cash Flow & Totals)

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