Fury Gold Mines: A Look At The Valuation After The Drop

Summary

Fury Gold Mines is one of the newest gold juniors in the sector after both Auryn Resources and Eastmain combined in Q3.

The new company has a global gold resource of 3.58 million ounces at very high-grades, and has 80,000 meters of drilling planned on its properties.

While Fury looks cheap based on its resources, it’s worth noting that this resource is split across 3 projects that the market hasn’t assigned much value for in the past.Therefore, while I think there’s long-term upside if the company can execute, I think there are much better ways to play the sector.It’s been a tough few months for the Gold Juniors Index ( GDXJ ) as many names have slid more than 40% from their highs, like Spanish Mountain Gold ( OTCPK:SPAZF ) and Freegold Ventures ( OTCPK:FGOVF ), and few names have been able to buck the trend. Fury Gold Mines ( FURY […]

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