Fort Capital Investment Banking Pitch Book
Capital Markets Overview
Gold development company focused on exploration and development in Nevada
Headquarters: Vancouver, BC
Founded: August 2010 - spun out of International Tower Hill (TSX:ITH)
Ticker: TSX:KOR, NASDAQ:KOR
• Corvus (TSX:KOR) was created in August 2010 through a spin out of
the Nevada and Alaska assets of International Tower Hill
.
- Corvus sold the Alaskan "Terra Project" in 2013 to focus
solely on gold development in Nevada
- Acquired the Mother Lode project from Goldcorp in 2017,
supplementing the company's Nevada holdings
Corvus is currently progressing its PEA stage North Bullfrog and
Mother Lode projects towards production
AngloGold (JSE ANG) is a significant shareholder at -20%, and has
significant land holdings bordering the North Bullfrog and Mother
Lode projects
- AngloGold has largely maintained its ownership in Corvus
since the ITH spin out
Total Capitalization
(in CSM unless otherwise noted)
Last Sale Price (Sep 10, 2021) (CS)
Last Sale Price (Sep 10, 2021) (USS)
Basic Shares Outstanding
Dilut ve Securities (TSM)
Market Capitalization (TSM)
Plus: Total Debt
Less: Cash & ST Inv.
Total Enterprise Value
Corvus
GOLD INC
Trading Multiples (US$)
$3.97 EV/MBI Resources (USS/cz AuEq)
$3.14 EV/Total Resources (USS/oz AuEq)
127.0 P/NAV
5.9
$528
$12
($11)
$528
$110
$94
0.72x
North Bullfrog
Project Area
Sierra Blanca
Mayllowee
Kinross Andodo
Gold
Total Insiders
Jolly
Jane
Corvus
Shareholder Summary
Share figures in 000's
Pontus, Jeffey (CEO & President
Drescher. Anton (Director)
Other Insiders
AngloGold Ashans
Sprott Asset Management
Van Eck Associates
Frankin Resources
Other Institutions
Total Institutions
Other Unidentified Shareholders
Total Shares Outstanding
Beatty, NV
Corvus
Mother Lod Mother Lode
Project Area
Common
Shares
3,847
1,118
1,873
6,836
24.775
24.410
8,557
2,850
8.755
69,147
50,996
126,978
Gold
% OF CSO
3.0%
0.9%
1.5%
5.4%
19.5%
19.2%
6.7%
2.1%
6.9%
54.5%
40.2%
100.0%
AngjoGold
inross
Gold
Warrants/
Options
2,960
725
5.100
8,775
.
.
3,314
12,089
12
% of F.D.
Shares
4.9%
1.3%
5.0%
11.2%
17.8%
17.6%
82%
1.9%
6.3%
49.7%
39.1%
100.0%
Fort CapitalView entire presentation