Fury Gold Mines (FURY, Financial) has unveiled promising preliminary metallurgical test outcomes from its Ninaaskumuwin lithium find located in the Eeyou Istchee James Bay area of Northern Quebec. The testing aimed to analyze the mineral composition and metallurgical traits of the spodumene-rich pegmatite found during drilling. Early results show that the lithium mineralization at Ninaaskumuwin can be effectively processed using standard lithium extraction methods. The Heavy Liquid Separation technique achieved a lithium recovery rate of 62.2% and produced a concentrate with a grade of 5.59% Li2O from a single composite sample.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Fury Gold Mines Ltd (FURY, Financial) is $1.41 with a high estimate of $1.41 and a low estimate of $1.41. The average target implies an upside of 159.88% from the current price of $0.54. More detailed estimate data can be found on the Fury Gold Mines Ltd (FURY) Forecast page.
Based on the consensus recommendation from 0 brokerage firms, Fury Gold Mines Ltd's (FURY, Financial) average brokerage recommendation is currently 0.0, indicating "No opinions" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
