Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Fortune Minerals Limited. T.FT

Alternate Symbol(s):  FTMDF

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

Bullboard Posts
Comment by reddog11on Jan 24, 2018 5:29pm
135 Views
Post# 27427387

RE:RE:RE:RE:RE:RE:RE:Back to low 20's

RE:RE:RE:RE:RE:RE:RE:Back to low 20'sSure, however three points:

cobalt is usually a by product, so it becomes more of what they are mining for and the copper, lead, gold, zinc, tin etc become a by product. In Idaho (whereI live) the cobalt belt has hardley been touched yet.

Battery tech finds a way to reduce cobalt in half, fine,.. still sells for $60 / pound.

If eliminated, then the new material (nickel ) increases in price and cobalt drops until we are making batteries with $60 cobalt again.

Its a no brainer, cobalt mines will do well and FT and ECS are going to be producing and making a really good return. Oh...and I did a little research on Bizmuth. Nothing to sneeze at here either. FT claims its reserves ar 10% of the globe?

jmo

RD



Bullboard Posts