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Fortune Minerals Limited. FTMDF


Primary Symbol: T.FT

Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. Fortune also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.


TSX:FT - Post by User

Post by redon Oct 07, 2020 8:59am
168 Views
Post# 31679114

Geo politics on CMs will continue ...

Geo politics on CMs will continue ...

Regardless of a Biden or trump win in november pressure will continue to build and the Chinese state knows it.

Bidens proposed a trillion in to green energy programs and trumps ongoing Chinese conflicts only get worse going forward and this will affect CMs including Cobalt as the rest of the world ramps up to the ongoing concern for supply....it's interesting that copper is comming into the picture but not surprising given its substantial place in terms of moving anything electric.

the signing of the USA executive order on CMs along with the EU same concerns, will have ripple worldwide effect, which takes time, but is comming and it is very difficult to pinpoint a market trigger. 

In Canada the feds are in with the USA and CMs, the Ontario government is working the ropes of electrification with lithium and probably cobalt to follow, not to mention a deal with ford which could be all encompassing. The sask government is into REs and Alberta is supporting and promoting  exploration of same/ similar.

Canada has it all and few that are at the stage FT is, there are others but will be years to to get to where FT is. Infrastructure and support is building around us. Dominion Diamods in the NWT will never have the same level of employment pre Recievership, now fully owned by the Washington group. Tlicho needs an employment replacement and FT is in thier immediate back yard. Stars continually line up for this project at every level including gold projections....what could possibly be holding us back? Likely one thing ....and our recent survey and resource expansion potential could be it. It's been pointed out that the survey is complete ......and the answer is? 


https://www.metalbulletin.com/Article/3954297/Magnesium/FOCUS-China-to-reassess-domestic-base-metals-mines-to-bolster-resource-security.html

 

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