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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 redon Sep 14, 2020 5:51pm
160 Views
Post# 31557134

RE:RE:RE:Valuation - Market cap.

RE:RE:RE:Valuation - Market cap.

Hi Jim .... I am more inclined to think with this survey that the question to be answered is "where exactly" to drill vs whether it "should" be drilled..... they, as I understand need to fine tune these anomalies that are known. That's just my laymen's take of it. Robin has said and the many studies and thesis's done on this well understood deposit, indicate this site has more great potential and just keeps on giving. 

To your earlier point on market cap and as some others have said .... we are just not known well enough which leads to my point about management and promotion as that concerns me ...with so many things going on so many fronts. 

In particular I do keep harping about Covid and the DRC .... some interpret that as if I have a concern for myself lol  ..... the reality is that if covid should break out in DRC as some think that it could, including the Chinese and Tesla, .... that could very well be the kicker for cobalt to take off, even if short term ( 2-3 years) my concern with it is a market one. 

all this adds to the volatility .....and that could translate to opportunity.

whats / who holding us back? Why ? What ever it is with the resource we have, it's mysterious, and again it shows in the market cap. As you noted.

i am sure everyone has seen what happened to GIGA .... and yet management reports no material change .... lol ... amazing what a rumour can do. Just for the heck of it....I did tweet to Elon that I would meet him at the boarder with copies permits, show him rail infrastructure, copy of road contract and show him road underway, I probably can even get a someone from Kiewitt and TliCho  to come with me lol .... given market, we need someone doing promotion activity. 

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