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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

Post by Marketbeaton Sep 16, 2020 10:02am
180 Views
Post# 31566330

Updates

Updates

Hey all,

I'm confident that cobalt isn't going away. I posted that article just as a reference point. 


I believe ft is going to make moves soon. Here is what we "know":
•current geophysical work is underway and will be completed soon- say mid October- news release should ensue 
•cobalt prices are rising
•gold prices should rise further once the next batch of stimulus is announced
•road work is ahead of schedule

With all the above taken into consideration- I believe that ft is in the drivers seat. Apparently they may "expand" the geophysical work (got that from the office). Not sure if that's a good thing or a bad thing... assuming it's good, drilling will ensue to prove more resources... 

so- is our time coming. I like to believe so, but what do I know aside from what I listed above. 


 

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