Miner Posting Resumes

Fury is selling a property to Dolly Varden. Jr Mining Network: Dolly Varden Silver and Fury Gold Mines to Consolidate Emerging Canadian Silver-Gold District in the Golden Triangle

I like Fury and own it, it is on sale but I can't say when the sale will end. Maybe this deal will be a catalyst for both stocks. DV is more a speculation on silver. I don't own it, but it would be among the second-tier of stocks I'd consider if silver starts taking off. For now, I simply want to see the downtrends broken.

Eastmain Wins on Fury Launch

Fury (FURY) launched today. It is down on the day, currently $2.00 per share on the NYSE. Canada is closed today. All values are USD.

If you bought Eastmain shares, you made money on the trade. Eastmain shares were trading at 20 cents on Friday and that translates into 23 cents based on the exchange rate.

Auryn valued shares higher though. They believed each share of Eastmain was worth about .165 shares of pre-spinout Auryn. At $2.45 on Friday, that translates to 40 cents per share. Translated back into Fury, that comes to $3.40 per share. Several possibilities here including Auryn was very overvalued, the market values Auryn's other assets more highly and Fury is accurately valued today, or Fury is dirt cheap.