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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$25.94M which is a fall of roughly 47% over the last seven months. As of 02/23/2022 they have ~C$7M debt and ~C$1.46M cash. They have 374M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 02/23/2022
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Mkt. Cap (FD): $48.80M $25.94M 02/23/2022 $-22.86M
Total Assets: $58.88M $54.77M 02/23/2022 $-4.10M
Total Liabilities: $9.42M $8.76M 02/23/2022 $-0.66M
Current Assets: $1.57M $1.46M 02/23/2022 $-0.11M
Current Liabilities: $0.39M $0.37M 02/23/2022 $-0.03M
Total Debt: $7.85M $7.30M 02/23/2022 $-0.55M
Cash: $1.57M $1.46M 02/23/2022 $-0.11M
Enterprise Value: $55.08M $31.78M 01/03/1971 $-23.29M
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: 02/23/2022 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 02/23/2022 0.00%
Misc 02/23/2022
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 374,091,000 374,091,000 02/23/2022 0
Shares (FD): 444,000,000 444,000,000 02/23/2022 0
Insider Ownership: n/a 15% 02/23/2022 15%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 02/23/2022 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 02/23/2022 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 02/23/2022 0
Initial CapEx (Outstanding): $436.00M
893.51% of Mkt.Cap		 $436.00M
1680.76% of Mkt.Cap 		02/23/2022 $0.00M
Funding Option: n/a n/a 02/23/2022 n/a
Documentation: none FS 02/23/2022 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 02/23/2022
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 02/23/2022 0.00M
Measured & Indicated: 1.00M 1.00M 02/23/2022 0.00M
Inferred: n/a n/a 02/23/2022 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 02/23/2022 0.00M
Measured & Indicated: 0.60M 0.60M 02/23/2022 0.00M
Inferred: n/a n/a 02/23/2022 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 02/23/2022 $0.00
Extra Operating Cost: n/a n/a 02/23/2022 $0.00
Average Grade: 1.00 g/t 1.00 g/t 02/23/2022 n/a
Recovery Rate: (CG)  75.00% (CG)  75.00% 02/23/2022 0.00%
F
U
T
U
R
E		 Proven & Probable: 1.00M 1.00M 02/23/2022 0.00M
Annual Production: 45,000oz. 45,000oz. 02/23/2022 0oz.
Cash Cost: $1 $1 02/23/2022 $0
Extra Operating Cost: $1 $1 02/23/2022 $0
SILVER 02/23/2022
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 02/23/2022 0.00M
Measured & Indicated: n/a n/a 02/23/2022 0.00M
Inferred: n/a n/a 02/23/2022 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 02/23/2022 0.00M
Measured & Indicated: n/a n/a 02/23/2022 0.00M
Inferred: n/a n/a 02/23/2022 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 02/23/2022 $0.00
Extra Operating Cost: n/a n/a 02/23/2022 $0.00
Average Grade: n/a n/a 02/23/2022 n/a
Recovery Rate: n/a n/a 02/23/2022 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 02/23/2022 0.00M
Annual Production: n/a n/a 02/23/2022 n/a
Cash Cost: n/a n/a 02/23/2022 n/a
Extra Operating Cost: n/a n/a 02/23/2022 n/a

Property

Last Analysis Data  (02/23/2022)
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		 02/23/2022
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		 02/23/2022
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 7.40M
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 4.44M
Maximum Profit (Gold): $800.90M $771.12M n/a $-29.78M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $800.90M $771.12M n/a $-29.78M
Max Profit / Current MCap: 16.413 29.726 n/a 13.313
Max Profit Per Share (Gold): $1.80 $1.74 n/a $-0.07
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.80 $1.74 n/a $-0.07
Total Free Profit Per Share: $1.66 $1.66 n/a $-0.01
FD Mkt. Cap / Gold Eq.: $81.33 $43.23 n/a $-38.09
FD Mkt. Cap / Silver Eq.: $1.04 $0.51 n/a $-0.54
FD Mkt. Cap / Per Metal
as % Spot Price:		 4.26% 2.35% n/a -1.91%

Reserves &
Resources		 02/23/2022
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 7.40M
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 4.44M
Maximum Profit (Gold): $800.90M $771.12M n/a $-29.78M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $800.90M $771.12M n/a $-29.78M
Max Profit / Current MCap: 16.413 29.726 n/a 13.313
Max Profit Per Share (Gold): $1.80 $1.74 n/a $-0.07
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.80 $1.74 n/a $-0.07
Total Free Profit Per Share: $1.66 $1.66 n/a $-0.01
FD Mkt. Cap / Gold Eq.: $81.33 $43.23 n/a $-38.09
FD Mkt. Cap / Silver Eq.: $1.04 $0.51 n/a $-0.54
FD Mkt. Cap / Per Metal
as % Spot Price:		 4.26% 2.35% n/a -1.91%

Future Valuation (Cash Flow & Totals)

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