Fortune Bay: The Potential Billion Dollar Project

It’s no secret that the price of gold has been on a tear for what has now been several months. The yellow metal at the time of recording is up just shy of 40% over the last 12 months, which translates to gains of over $1,000 an ounce across that time frame.

While that is obviously having an impact on the profitability of producers, it’s also having a major impact on the economics of development stage projects. Even the smaller-scale projects are now hitting the markets with massive numbers, which is simply a result of this massive run.

Case in point is Fortune Bay’s (TSXV: FOR) Goldfields project in Saskatchewan. Which despite forecasted average annual gold production of just 64,000 ounces, at current spot prices has a net present value of over $1.2 billion – and a payback period of sub 1 year.

Lets dive in.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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