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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 Oct 04, 2020 10:07am
151 Views
Post# 31664235

RE:Question

RE:QuestionGiven the number of reads lately on many posters including yours, we have a some what bigger following on FT, some one will have a good idea on S&P ....if this market indicator has anything to do with potential related to resource it would be probably safe to say it increases ....but I don't know that and is wishfull thinking on my part.

We should "expect" a news release likely within 2 weeks or sooner that the geophysical survey is complete but as i understand, it will help reveal more detailed drilling target areas that are already known but maybe not in the detail that some one wants to know, and using better recent technology may help .....the potential this survey reveals may increase and / or better support our "probable" reserves?? ...but as geo said drilling is the only way to know for sure.....my next thought is who does that targeted drilling? Us or a partner who wants better info on future resource?

we don't have the money to drill....we either raise it or bring someone in who has the money.

i think the news comming will be significant to us ( in terms of resource expansion potential) but expect shorts to do what they do and sell on news and keep us down.

cobalt is apparently holding at 16.00 and looking good to progressively increase, likly slowly. Lots of talk on gold and future increase. 
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