RE:re 6.19OK, listen. Fortune has been around a long time. In all that time, they have never had an operating revenue producing mine. They are not a flash-in-the-pan speculative stock like endless numerous other venture exploration companies. Everything the company does is written about and explained in detail about their vision and forward-looking thinking. We have 3 major projects, all in the later stages of completion. The feasibility studies have been done and re-done, all leading to a conclusion that they will be profitable. So much so, that Posco and Procan have invested even BEFORE all permitting was approved. Regardless of current or future specific metals pricing, the conservative pricing has been worked in to these studies. We know each metal is in limited quantity around the world, and this demand can only go up, ie electric cars. The world (emerging markets) will need steel, copper, and gold is gold.
Fortune is is thinly traded but not as much so as it was years ago. As far as my valuation goes, using some gorilla math and comparing it to like companies with similar dollar amount assets, I came up with this number. That beig said, that includes a lot if assumptions; fully financed 3 projects, fully permitted, roadway, railroad extension, and power grid access.
One thing I'm sure of, when this stock starts getting attention, news comes in, it will run and run rather quickly.
Casey