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Symbol
Currency
TSE:FT
CAD
OTCMKTS:FTMDF
USD
Description
Fortune Minerals Ltd are a gold focused junior, late stage developer 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$24.59M which is a rise of roughly 48% over the last three months. As of 02/23/2024 they have no debt and ~C$0.37M cash. They have 500M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.
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General Details
Financial
02/23/2024 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
MCap (FD):
$16.64M
$24.59M
02/23/2024
$7.94M
Total Assets:
$51.92M
$51.14M
02/23/2024
$-0.78M
Total Liabilities:
$1.48M
$1.46M
02/23/2024
$-0.02M
Current Assets:
$0.37M
$0.37M
02/23/2024
$-0.01M
Current Liabilities:
$0.37M
$0.37M
02/23/2024
$-0.01M
Total Debt:
$0.00M
$0.00M
02/23/2024
$0.00M
Cash:
$0.37M
$0.37M
02/23/2024
$-0.01M
Enterprise Value:
$16.27M
$24.22M
10/08/1970
$7.95M
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:
02/23/2024
n/a
Misc
02/23/2024 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Shares Outstanding:
499,643,862
499,643,862
02/23/2024
0
Shares (FD):
561,000,000
561,000,000
02/23/2024
0
Insider Ownership:
n/a
15%
02/29/2024
15%
Dividend (Annual):
n/a
n/a
never
n/a
Company Type:
Mostly Gold
Mostly Gold
never
n/a
Production ETA:
n/a
n/a
02/23/2024
n/a
Production (Gold Eq Oz.):
(guess) 0
(guess) 0
02/23/2024
0
Production (Silver Eq Oz.) :
(guess) 0
(guess) 0
02/23/2024
0
Initial CapEx (Outstanding):
$436.00M2619.51% of MCap
$436.00M1773.14% of MCap
02/23/2024
$0.00M
Funding Option:
n/a
n/a
02/23/2024
n/a
Documentation:
none
FS
02/29/2024
n/a
Future MCap Modifier:
0.1Developer: Likely Path to Production
0.1Developer: Likely Path to Production
04/24/2023
0
Cash Flow Multiplier:
2
2
04/17/2023
0.00
Resource Data
GOLD
02/23/2024 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
02/23/2024
0.00M
Measured & Indicated:
1.00M
1.00M
02/23/2024
0.00M
Inferred:
n/a
n/a
02/23/2024
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
02/23/2024
0.00M
Measured & Indicated:
0.60M
0.60M
02/23/2024
0.00M
Inferred:
n/a
n/a
02/23/2024
0.00M
Reserves & Resources:
0.60M
0.60M
never
0.00M
C U R R E N T
Annual Production:
n/a
n/a
0oz.
Cash Cost:
n/a
n/a
02/23/2024
$0.00
Extra Operating Cost:
n/a
n/a
02/23/2024
$0.00
G R A D E
Underground (Avg):
1.00 g/t
n/a
02/23/2024
n/a
Open Pit (Avg):
n/a
1.00 g/t
02/23/2024
1.00 g/t
Recovery Rate:
(CG) 75.00%
(CG) 75.00%
02/29/2024
0.00%
F U T U R E
Proven & Probable:
1.00M
1.00M
02/23/2024
0.00M
Annual Production:
45,000oz.
45,000oz.
02/23/2024
0oz.
Cash Cost:
$100
$100
02/23/2024
$0
Extra Operating Cost:
$500
$500
02/23/2024
$0
SILVER
02/23/2024 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
02/23/2024
0.00M
Measured & Indicated:
n/a
n/a
02/23/2024
0.00M
Inferred:
n/a
n/a
02/23/2024
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
02/23/2024
0.00M
Measured & Indicated:
n/a
n/a
02/23/2024
0.00M
Inferred:
n/a
n/a
02/23/2024
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
02/23/2024
$0.00
Extra Operating Cost:
n/a
n/a
02/23/2024
$0.00
G R A D E
Underground (Avg):
n/a
n/a
02/23/2024
n/a
Open Pit (Avg):
n/a
n/a
02/23/2024
n/a
Recovery Rate:
n/a
n/a
02/23/2024
0.00%
F U T U R E
Proven & Probable:
n/a
n/a
02/23/2024
0.00M
Annual Production:
n/a
n/a
02/23/2024
n/a
Cash Cost:
n/a
n/a
02/23/2024
n/a
Extra Operating Cost:
n/a
n/a
02/23/2024
n/a
Property
Last Analysis Data (02/23/2024)
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
02/23/2024 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 MCap / Gold Eq.:
n/a
n/a
n/a
$0.00
FD MCap / Silver Eq.:
n/a
n/a
n/a
$0.00
FD MCap / Per Metal as % Spot Price:
n/a
n/a
n/a
0.00%
Measured & Indicated
02/23/2024 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
-4.13M
P L A U S I B L E
Gold Eq. Oz.:
0.60M
0.60M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
-2.48M
Maximum Profit (Gold):
$861.00M
$1,031.46M
n/a
$170.46M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$861.00M
$1,031.46M
n/a
$170.46M
Max Profit / Current MCap:
51.729
41.948
n/a
-9.782
Max Profit Per Share (Gold):
$1.53
$1.84
n/a
$0.30
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$1.53
$1.84
n/a
$0.30
Total Free Profit Per Share:
$1.49
$1.78
n/a
$0.28
FD MCap / Gold Eq.:
$27.74
$40.98
n/a
$13.24
FD MCap / Silver Eq.:
$0.31
$0.48
n/a
$0.17
FD MCap / Per Metal as % Spot Price:
1.36%
1.77%
n/a
0.40%
Reserves & Resources
02/23/2024 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
-4.13M
P L A U S I B L E
Gold Eq. Oz.:
0.60M
0.60M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
-2.48M
Maximum Profit (Gold):
$861.00M
$1,031.46M
n/a
$170.46M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$861.00M
$1,031.46M
n/a
$170.46M
Max Profit / Current MCap:
51.729
41.948
n/a
-9.782
Max Profit Per Share (Gold):
$1.53
$1.84
n/a
$0.30
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$1.53
$1.84
n/a
$0.30
Total Free Profit Per Share:
$1.49
$1.78
n/a
$0.28
FD MCap / Gold Eq.:
$27.74
$40.98
n/a
$13.24
FD MCap / Silver Eq.:
$0.31
$0.48
n/a
$0.17
FD MCap / Per Metal as % Spot Price:
1.36%
1.77%
n/a
0.40%
Future Valuation (Cash Flow & Totals)
Defaults
Defaults
02/23/2024 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Exchange Rates:
CAD 0.7417
CAD 0.7305
05/08/2024
Spot Gold:
$2,035.00
$2,319.10
05/08/2024
$284.10
Spot Silver:
$22.91
$27.38
05/08/2024
$4.47
Gold:Silver Ratio:
88.83
84.70
05/08/2024
-4.13
Spot Gold (Future):
$3,000.00
$3,000.00
$0.00
Spot Silver (Future):
$100.00
$100.00
$0.00
Gold:Silver Ratio (Future):
30.00
30.00
0.00
Gold Avg. Recovery Rate:
75.00%
75.00%
0.00%
Silver Avg. Recovery Rate:
75.00%
75.00%
0.00%
Plausibility of P & P:
100.00%
100.00%
0.00%
Plausibility of M & I:
80.00%
80.00%
0.00%
Plausibility of Inferred:
50.00%
50.00%
0.00%
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