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Fortune Minerals Ltd. (TSE:FT)

Fortune Minerals Ltd. (TSE:FT) Company Profile

Symbol(s): TSE:FT, OTCMKTS:FTMDF
Industry: Gold Mining
Website: www.fortuneminerals.com/Home/default.aspx
eMail: info@fortuneminerals.com

Fortune Minerals Ltd. (TSE:FT) is a Canadian Gold mining company. It’s a junior late stage developer mainly focused on exploration and development of mineral properties in Northwest Territory, Canada. The company has 100% ownership of the Nico property which is located in Northwest Territory, Canada.

Fortune Minerals Ltd. (TSE:FT) has about 1 million ounces of gold reserves & resources. The company’s resources are currently being valued at US$27.101 per gold equivalent ounce.

Fortune Minerals Ltd. has US$2.99 million cash and US$8.23 million debt. The company has 359.55 million shares outstanding and as of September 01, 2020, had a market capitalization of US$21.86 million. The stocks of Fortune Minerals Ltd. trade on the Toronto Stock Exchange and the Over-the-Counter Exchange.

Fortune Minerals Ltd. (TSE:FT) Share Price Chart

Fortune Minerals Ltd. (TSE:FT) Technical Data
Last Updated: September 2, 2020

Share Price:
CA$0.08 (9/1/2020 16:00:00)
Volume:
191300 (9/1/2020 16:00:00)
52 Week High:
CA$0.1
52 Week Low:
CA$0.04
Change from 52 Week Low:
99.975%
Change from 52 Week High:
-20%
Beta
0.92
Average Volume:
#N/A

Fortune Minerals Ltd. (TSE:FT) Financial Data

Share Price:
CA$0.08 (9/1/2020 16:00:00)
Shares Outstanding:
359.55 million
Market Capitalization:
US$21.86 million *
Cash:
US$2.99 million
Total Debt:
US$8.23 million
Enterprise Value:
US$27.101 million
Earnings Per Share:
0
Price to Earning (P/E) Ratio:
90.36

Fortune Minerals Ltd. (TSE:FT) Gold Resources

Total Reserves & Resources:
1 million ounce
Plausible Reserves & Resources:
0.58 million ounce
Future Cash Cost Per Ounce:
US$1
Future All-in Sustaining Cost Per Ounce:
US$2
Future Annual Production:
40000 ounce

Fortune Minerals Ltd. (TSE:FT) Valuation by Resources

Gold Equivalent Resources:
1 million ounce
Silver Equivalent Resources:
69 million ounce ***
Enterprise Value Per Gold Ounce:
US$27.101
Enterprise Value Per Silver Ounce:
US$0.393
Gold Equivalent Resources per FD share:
0.003 ounce
Silver Equivalent Resources per FD share:
0.192 ounce

* CAD to USD exchange rate of 0.76 was used in calculations
*** Gold to silver ratio of 69.03 was used in the calculation of silver equivalent resources

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