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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

Comment by Marketbeaton Jul 28, 2020 6:21pm
104 Views
Post# 31333905

RE:RE:RE:RE:RE:To my point ...get creative

RE:RE:RE:RE:RE:To my point ...get creative

Holding this stock is akin to having a really fast car with no steering wheel... it's got all the right stuff (it seems) but no clear direction whatsoever. 


Emailing HO provides no sense of certainty. It's the same old song and dance. 


I'm beyond disappointed with the current state of affairs and I can't understand how we haven't move at all in relation to the price of gold.

I know I have said this before, but Rick Rule characterised JRs as follows. Any JR that actually looks to make it into production is likely sacrificing the jobs of current management. It takes a certain level of sophistication and skill to build a project and get it to fruition but by the time you get a project into an active mine requires a different level of skill sets in traits that are not typical of the skills required to get that said project into production. As this relates to fortune minerals if we think about their history we can see that management has been able to maintain their salary this whole time, without anything actually happening of substance. 

Maybe I'm just overreacting, or maybe I'm a dreamer. Right now I'd like to know what managements plan is...To hear we are "working" on it is unacceptable. It doesn't look like their "work" has done anything to create shareholder value or limit our losses let alone provide growth potential. 

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