Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Allmanon Apr 28, 2024 8:11am
135 Views
Post# 36011429

RE:RE:RE:RE:RE:RE:RE:10c soon!

RE:RE:RE:RE:RE:RE:RE:10c soon!Bear in mind that FRC's $0.31 fair value per share estimate is based on $22.50 cobalt, $1400 gold, 1.39 exch rate, $824,600 capital cost, etc. Extrapolating using their sensitivity table and considering current cobalt and gold prices gives a fair value in the order of $0.22. In a case where cobalt remains at its current price and gold increases to $3000, fair value is in the order of $0.75. Lots of other significant fair value variables such as capital cost still to be revised pending current SGS metallurgical testing, government monetary assistance, etc.
<< Previous
Bullboard Posts
Next >>