What’s the Real Path to a PFS for a Canadian Gold Developer? | Fortune Bay Interview

February 13
58 mins

Episode Description

❗FORTUNE BAY HAS PAID FOR THIS VIDEO. THE HOST DIDN'T OWN FOR SHARES AT THE TIME OF RECORDING. Terrahutton doesn't only make the invisible, investable, it also made this video free of ads (by sponsoring it). Learn more: http://www.resourcetalks.com/terra-hutton


By consuming this content, you acknowledge that Resource Talks and/or its affiliates and/or their personnel may have a conflict of interest as they may own, have owned, or will own interests in and/or may have a business relationship with some or all companies/entities mentioned/featured in this publication.The information provided herein is general & impersonal in nature and meant for entertainment purposes only. Viewers, listeners, and readers acknowledge and agree that the information presented herein does not constitute a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. Resource Talks and all parties involved in the management of the business strictly disclaim any and all liability for losses and/or damages, whether direct, indirect, special, or consequential, or other consequences, howsoever caused, arising out of any use or reproduction of the content published by Resource Talks, or any decision made or action taken in reliance upon it.By consuming this content, all consumers vow to release Resource Talks and all parties involved in the management of the business from all claims, proceedings, or consequences.Nobody involved in the production of this publication is a licensed investment advisor.No recommendations are being made to buy or sell any securities in this video.The mining and exploration space is highly likely to lose you money. Failure is the norm and should be the expectation. Don’t risk what you can’t afford to lose. If you don't understand it, don't do it. The minimum risk on anything mentioned in this publication is 100% loss of capital.


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Timestamps:00:00:00 Chapters00:00:12 Very Important Warning00:01:10 Fortune Bay Company Overview00:02:59 Why is Fortune Bay’s stock down?00:07:53 How many metres have they drilled?00:08:49 How are drilling conditions?00:10:40 Why are assays delayed?00:11:30 Will they release assays all at once?00:12:15 What results are expected?00:15:32 What’s happening at Triangle?00:18:24 How big could a discovery be?00:20:10 Will this drilling make it into the PFS?00:21:51 Why drill targets outside the PFS?00:23:05 What would justify more drilling?00:26:42 How much cash is left after drilling?00:28:07 Will they need to finance in 2026?00:29:19 What permits do they need?00:31:58 How many First Nations are involved?00:35:28 Can they really use the 2008 EIS under 5,000 tpd?00:37:37 What other PFS work is underway?00:40:25 When could they be in production realistically?00:42:00 What is really going on with the Mexican project?00:44:49 Will legal costs be material?00:45:34 What’s the $400k marketing for?00:47:07 How will they measure performance?00:48:34 What’s Fortune Bay’s 2026 G&A spend?00:50:49 What’s the biggest criticism lately?00:52:38 Very Important Warning - DO NOT SKIPThis is a Fortune Bay interview with CEO, Dale Verran & VP Technical Services, Gareth Garlick.

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