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Symbol Data
Symbol
Currency
TSE:FT
CAD
OTCMKTS:FTMDF
USD
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$12.62M which is a fall of roughly 53% over the last nine months. As of 02/23/2023 they have no debt and ~C$0.74M cash. They have 459M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.
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General Details
Financial
02/23/2023 Last Analysis Data
Current Data
Item
Value
Value
Updated
MCap (FD):
$27.02M
$12.62M
02/23/2023
Total Assets:
$51.68M
$51.72M
02/23/2023
Total Liabilities:
$1.48M
$1.48M
02/23/2023
Current Assets:
$0.74M
$0.74M
02/23/2023
Current Liabilities:
$0.37M
$0.37M
02/23/2023
Total Debt:
$0.00M
$0.00M
02/23/2023
Cash:
$0.74M
$0.74M
02/23/2023
Enterprise Value:
$26.28M
$11.88M
05/18/1970
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:
02/23/2023
Misc
02/23/2023 Last Analysis Data
Current Data
Item
Value
Value
Updated
Shares Outstanding:
459,000,000
459,000,000
02/23/2023
Shares (FD):
488,000,000
488,000,000
02/23/2023
Insider Ownership:
n/a
15%
11/19/2023
Company Type:
Mostly Gold
Mostly Gold
never
Production ETA:
n/a
n/a
02/23/2023
Production (Gold Eq Oz.):
(guess) 0
(guess) 0
02/23/2023
Production (Silver Eq Oz.) :
(guess) 0
(guess) 0
02/23/2023
Initial CapEx (Outstanding):
$436.00M1613.6% of MCap
$436.00M3454.87% of MCap
02/23/2023
Funding Option:
n/a
n/a
02/23/2023
Documentation:
none
FS
11/19/2023
Future MCap Modifier:
0.1Developer: Likely Path to Production
0.1Developer: Likely Path to Production
04/24/2023
Cash Flow Multiplier:
5
2
04/17/2023
Resource Data
GOLD
02/23/2023 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
02/23/2023
Measured & Indicated:
1.00M
1.00M
02/23/2023
Inferred:
n/a
n/a
02/23/2023
Reserves & Resources:
1.00M
1.00M
never
P L A U S I B L E
Proven & Probable:
n/a
n/a
02/23/2023
Measured & Indicated:
0.60M
0.60M
02/23/2023
Inferred:
n/a
n/a
02/23/2023
Reserves & Resources:
0.60M
0.60M
never
C U R R E N T
Annual Production:
n/a
n/a
Cash Cost:
n/a
n/a
02/23/2023
Extra Operating Cost:
n/a
n/a
02/23/2023
Average Grade:
1.00 g/t
1.00 g/t
02/23/2023
Recovery Rate:
(CG) 75.00%
(CG) 75.00%
11/19/2023
F U T U R E
Proven & Probable:
1.00M
1.00M
02/23/2023
Annual Production:
45,000oz.
45,000oz.
02/23/2023
Cash Cost:
$1
$100
04/17/2023
Extra Operating Cost:
$1
$500
04/17/2023
SILVER
02/23/2023 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
02/23/2023
Measured & Indicated:
n/a
n/a
02/23/2023
Inferred:
n/a
n/a
02/23/2023
Reserves & Resources:
n/a
n/a
never
P L A U S I B L E
Proven & Probable:
n/a
n/a
02/23/2023
Measured & Indicated:
n/a
n/a
02/23/2023
Inferred:
n/a
n/a
02/23/2023
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
02/23/2023
Extra Operating Cost:
n/a
n/a
02/23/2023
Average Grade:
n/a
n/a
02/23/2023
Recovery Rate:
n/a
n/a
02/23/2023
F U T U R E
Proven & Probable:
n/a
n/a
02/23/2023
Annual Production:
n/a
n/a
02/23/2023
Cash Cost:
n/a
n/a
02/23/2023
Extra Operating Cost:
n/a
n/a
02/23/2023
Property
Last Analysis Data (02/23/2023)
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Development
Northwest Territory , Canada
Nico
100% (guess)
5,000
Open Pit
show
It is permitted.
An updated feasibility due in 2023.
$436 million capex. Likely higher after the update.
Total Land Package Size (ha):
5,000
Current Data
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Development
Northwest Territory , Canada
Nico
100% (guess)
5,000
Open Pit
show
It is permitted.
An updated feasibility due in 2023.
$436 million capex. Likely higher after the update.
Total Land Package Size (ha):
5,000
Profitability (by resource)
Proven & Probable
02/23/2023 Last Analysis Data
Current Data
Item
Value
Value
Updated
Percentage Gold:
n/a
n/a
n/a
Percentage Silver:
n/a
n/a
n/a
Total (Gold Eq. Oz.):
n/a
n/a
n/a
Total (Silver Eq. Oz.):
n/a
n/a
n/a
P L A U S I B L E
Gold Eq. Oz.:
n/a
n/a
n/a
Silver Eq. Oz.:
n/a
n/a
n/a
Maximum Profit (Gold):
n/a
n/a
n/a
Maximum Profit (Silver):
n/a
n/a
n/a
Total Maximum Profit:
n/a
n/a
n/a
Max Profit / Current MCap:
n/a
n/a
n/a
Max Profit Per Share (Gold):
n/a
n/a
n/a
Max Profit Per Share (Silver):
n/a
n/a
n/a
Total Max Profit Per Share:
n/a
n/a
n/a
Total Free Profit Per Share:
n/a
n/a
n/a
FD MCap / Gold Eq.:
n/a
n/a
n/a
FD MCap / Silver Eq.:
n/a
n/a
n/a
FD MCap / Per Metal as % Spot Price:
n/a
n/a
n/a
Measured & Indicated
02/23/2023 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.:
0.60M
0.60M
n/a
Silver Eq. Oz.:
n/a
n/a
n/a
Maximum Profit (Gold):
$1,094.22M
$882.78M
n/a
Maximum Profit (Silver):
n/a
n/a
n/a
Total Maximum Profit:
$1,094.22M
$882.78M
n/a
Max Profit / Current MCap:
40.496
69.952
n/a
Max Profit Per Share (Gold):
$2.24
$1.81
n/a
Max Profit Per Share (Silver):
n/a
n/a
n/a
Total Max Profit Per Share:
$2.24
$1.81
n/a
Total Free Profit Per Share:
$2.17
$1.77
n/a
FD MCap / Gold Eq.:
$45.03
$21.03
n/a
FD MCap / Silver Eq.:
$0.53
$0.26
n/a
FD MCap / Per Metal as % Spot Price:
2.47%
1.02%
n/a
Reserves & Resources
02/23/2023 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.:
0.60M
0.60M
n/a
Silver Eq. Oz.:
n/a
n/a
n/a
Maximum Profit (Gold):
$1,094.22M
$882.78M
n/a
Maximum Profit (Silver):
n/a
n/a
n/a
Total Maximum Profit:
$1,094.22M
$882.78M
n/a
Max Profit / Current MCap:
40.496
69.952
n/a
Max Profit Per Share (Gold):
$2.24
$1.81
n/a
Max Profit Per Share (Silver):
n/a
n/a
n/a
Total Max Profit Per Share:
$2.24
$1.81
n/a
Total Free Profit Per Share:
$2.17
$1.77
n/a
FD MCap / Gold Eq.:
$45.03
$21.03
n/a
FD MCap / Silver Eq.:
$0.53
$0.26
n/a
FD MCap / Per Metal as % Spot Price:
2.47%
1.02%
n/a
Future Valuation (Cash Flow & Totals)
Defaults
Defaults
02/23/2023 Last Analysis Data
Current Data
Item
Value
Value
Updated
Exchange Rates:
CAD 0.7383
CAD 0.7389
12/03/2023
Spot Gold:
$1,825.70
$2,071.30
12/03/2023
Spot Silver:
$21.34
$25.44
12/03/2023
Gold:Silver Ratio:
85.55
81.42
12/03/2023
Spot Gold (Future):
$2,500.00
$3,000.00
Spot Silver (Future):
$100.00
$100.00
Gold:Silver Ratio (Future):
25.00
30.00
Gold Avg. Recovery Rate:
75.00%
75.00%
Silver Avg. Recovery Rate:
75.00%
75.00%
Plausibility of P & P:
100.00%
100.00%
Plausibility of M & I:
80.00%
80.00%
Plausibility of Inferred:
50.00%
50.00%
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