“Right Now is When You Can Make 5x-10x Your Money Just Catching the Cycle” says Fury Gold CEO Tim Clark. “The problem here is the market. The problem is the lack of liquidity in the junior space. But that will change. And I think my message to investors now is: I’m not asking you to go out and buy a huge chunk of $FURY. But I think you’d be prudent to buy some. Because once this market moves, because of a lack of liquidity, you’ll have a hard time getting in at a reasonable price and you’ll be sitting there doubting yourself as it is up 50% wondering if it is going to go up 100%. And if it goes up 100% you are going to be killing yourself that you did not get in.”
Currently $FURY has a C$78m market cap with a $61m treasury in $DV.v shares ($53m) and cash ($8m). So unlike most gold explorers now, the company does not have financing risk. Functionally, $FURY is currently a call option on Dolly Varden Silver ($DV.v).
SVP Exploration Bryan Atkinson reviews the just-released positive infill drill results from the Hinge Target at the high-grade Eau Claire gold project located in the Eeyou Istchee Territory in the James Bay region of Quebec. The Hinge Target infill program has increased confidence in the geological model and potential for expansion of the Eau Claire resource to the west. Drilling continues to intercept multiple zones of gold mineralization including 5.5 metres (m) of 4.52g/t gold and 3.0m of 3.34g/t gold from 23EC-069; 1.0m of 20.20g/t gold and 3.5m of 3.51g/t gold from 23EC-070; 1.0m of 19.55g/t gold from 23EC-066; and 3.5m of 3.82g/t gold from 23EC-067.
0:00 Introduction
1:11 Positive infill drill results
2:15 Accomplished 19,000m drilling in 2023
4:25 Drill program 2024
6:21 Committee Bay project
8:14 Juniors and Producers need to work together
11:12 Robust treasury with apprx $59mm in $DV shares and cash
13:28 Tim’s personal investment in $FURY is at significantly higher cost-basis
15:55 Now is the opportunity to position to make 5x-10x in junior gold stocks
https://furygoldmines.com/
Ticker: FURY
Presentation: https://furygoldmines.com/investors/presentations/
Press Release discussed: https://furygoldmines.com/site/assets/files/6555/2023-11-28-nr-fury-skop89026.pdf
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Fury Gold Mines is a Mining Stock Education sponsor/advertiser. The forward-looking statement found in Fury Gold’s most-recent presentation found at www.FuryGoldMines.com applies to everything discussed in this interview. The content found on MiningStockEducation.com is for informational purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product.
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2 Comments
I've been waiting to hear from FURY. Tim Clark is my guy
"I’m not asking you to go out and buy a huge chunk of $FURY. But I think you’d be prudent to buy some. Because once this market moves, because of a lack of liquidity, you’ll have a hard time getting in at a reasonable price and you’ll be sitting there doubting yourself as it is up 50% wondering if it is going to go up 100%"
Those are strong words from company that lost ~90% stock value in three years 🙂