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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 MoneyMan123456on Apr 01, 2022 10:59am
91 Views
Post# 34567094

RE:RE:RE:RE:RE:RE:RE:RE:Robin was right

RE:RE:RE:RE:RE:RE:RE:RE:Robin was rightIMHO, the video is part of the problem.  FT does not have the horsepower and resources to develop this resource, so why are they acting like they are going to be the one's to develop it.

They need to get realistic and market this project for sale (100%) or to a partner who will completely manage the operation.

I'm sorry, but this project lives and dies by the fundamentals.  No one invests if they don't strongly believe they are going to make a substantial return.  Just the interest alone on a billion dollar loan is probably 50 - 60 million per year.  Yes strategic partners may have offtake agreements, but there is no such thing as a free lunch.

Economists talk about macro and micro economics, investers talk about fundametals.

How can anyone assess this without a current feasibility study outlining the NPV.

  
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