Understanding The Value And Potential Growth Of Fury Gold Mines - Ivan Bebek

Ivan Bebek found time to speak with us and provide an update, on the completed Auryn Resources deal (sponsor). Here's how it transpired. Auryn acquired Eastmain Resources and became Fury Gold Mines. At the same it spun off its Peruvian assets into two new companies, Sombrero Resources and Tier One Metals.

Shareholders of Auryn (on the record date) now own 1 share in each of the 3 new companies. Fury began trading last week. Sombrero and Tier One will begin trading in early 2021. Valuation is tentative because Sombrero and Tier One are currently private companies and for now have no market listings. (A necessity due to US tax considerations). Several analysts and following the company and have issued price targets as high as $5 per share for Fury alone, well above it's current price. 

Not to worry. All the companies are well capitalized and moving quickly ahead with their business plans. Fury has a fully funded 50,000 meter drill program commencing soon. Ivan is quite confident that the program will yield big results and this should mean big profits to shareholders. News will begin flowing shortly. 

When the Peruvian companies start trading, the true value of the transaction will become apparent to all. It's a case of the parts being worth far more than the whole. As shareholders we couldn't be happier with the way things are progressing. 

www.FuryGoldMines.com 

www.sombreroresources.com 

www.tieronemetals.com

Ticker Symbol on the NYSE and TSX - FURY

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