Скачать или смотреть Fortune Bay (TSXV:FOR) - Targeting Outsized Returns with Gold-Uranium Portfolio Approach

Interview with Dale Verran, CEO of Fortune Bay Corp.

Our previous interview: https://www.cruxinvestor.com/posts/fo...

Recording date: 12th March 2024

Fortune Bay Corp (TSXV:FOR) presents a compelling investment opportunity for those seeking exposure to gold and uranium, two commodities with increasingly bullish fundamentals. With a market capitalization of C$10 million, the company appears significantly undervalued relative to the value of its assets and the potential for near-term catalysts.

Fortune Bay's key gold asset is the Goldfields gold project in Saskatchewan which hosts a robust 1.2 million ounce Indicated resource, and where 2022 Preliminary Economic Assessment (PEA) outlined an after-tax NPV5% of C$285 million and IRR of 35% for the project. The Goldfields project benefits from extensive historical data, existing permits, simple metallurgy, and good infrastructure, allowing for potential fast-tracking. The company is actively seeking a strategic partner to advance Goldfields and help unlock its value.

The Ixhuatán gold-copper project in Mexico provides additional upside, with a 1.7 million ounce open-pittable gold resource and a large underexplored copper porphyry system. Fortune Bay is looking to secure community agreements and the right partnerships to move this project forward.

On the uranium front, Fortune Bay has assembled an attractive portfolio of seven projects covering in the world-class Athabasca Basin. The most advanced projects, Strike and Murmac, are under an option agreement with Aero Energy Limited which will be funding C$6 million in exploration expenditures. Fortune Bay will retain a 30% carried interest, providing significant discovery potential with limited downside risk.

The company's other five uranium projects, acquired at low cost through staking, offer further exploration upside and the potential for additional partnerships. Discussions are underway with multiple groups.

Fortune Bay's strategy focuses on advancing its assets through joint ventures and partnerships, minimizing dilution while maintaining upside exposure. This approach appears well-suited to the current market environment for junior explorers.

With a strong portfolio of gold and uranium assets, a pipeline of catalysts, and a modest valuation, Fortune Bay stands out as an attractive investment opportunity. In a market increasingly focused on gold and uranium exposure, Fortune Bay's combination of significant defined resources, exploration upside, and attractive valuation makes it a compelling investment opportunity. With multiple shots on goal across its portfolio and a clear path to value creation, the company appears poised for a re-rating as it delivers on its milestones.

View Fortune Bay's company profile: https://www.cruxinvestor.com/companie...

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