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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 Apr 04, 2018 10:36am
185 Views
Post# 27827998

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Electric Batteries

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Electric BatteriesI think any buyout would be for much more than present share price butmuch  less than the true resource value. I believe any company buying the asset would continue to move on the mine, but using the resource as a future source of cobalt either to be mined or stored in the ground.

Current team would probably be replaced depending on who was doing the buying.

Also you may be issued stock from the new owners or part stock part cash.
This is all speculation of course and I have no idea how this will transpire.

jmo
RD
Bullboard Posts