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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$26.2M which is a rise of roughly 25% over the last seven months. As of 02/28/2020 they have ~C$8M debt and ~C$1.52M 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 $26.20M 02/28/2020 $5.25M
Total Assets: $55.99M $56.89M 02/28/2020 $0.90M
Total Liabilities: $8.96M $9.10M 02/28/2020 $0.14M
Current Assets: $1.49M $1.52M 02/28/2020 $0.02M
Current Liabilities: $0.15M $0.15M 02/28/2020 $0.00M
Total Debt: $8.21M $8.34M 02/28/2020 $0.13M
Cash: $1.49M $1.52M 02/28/2020 $0.02M
Enterprise Value: $27.67M $33.03M 01/18/1971 $5.36M
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
1664.24% 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 Northwest Territory, Canada 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 Northwest Territory, Canada 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 -22.40M
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 -13.08M
Maximum Profit (Gold): $647.17M $795.93M n/a $148.76M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $647.17M $795.93M n/a $148.76M
Max Profit / Current MCap: 30.895 30.381 n/a -0.513
Max Profit Per Share (Gold): $1.50 $1.84 n/a $0.34
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.50 $1.84 n/a $0.34
Total Free Profit Per Share: $1.43 $1.76 n/a $0.33
FD Mkt. Cap / Gold Eq.: $35.87 $44.86 n/a $8.99
FD Mkt. Cap / Silver Eq.: $0.38 $0.62 n/a $0.24
FD Mkt. Cap / Per Metal
as % Spot Price:
2.26% 2.30% n/a 0.04%

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 -22.40M
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 -13.08M
Maximum Profit (Gold): $647.17M $795.93M n/a $148.76M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $647.17M $795.93M n/a $148.76M
Max Profit / Current MCap: 30.895 30.381 n/a -0.513
Max Profit Per Share (Gold): $1.50 $1.84 n/a $0.34
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.50 $1.84 n/a $0.34
Total Free Profit Per Share: $1.43 $1.76 n/a $0.33
FD Mkt. Cap / Gold Eq.: $35.87 $44.86 n/a $8.99
FD Mkt. Cap / Silver Eq.: $0.38 $0.62 n/a $0.24
FD Mkt. Cap / Per Metal
as % Spot Price:
2.26% 2.30% n/a 0.04%

Future Valuation (Cash Flow & Totals)

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