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Bullboard - Stock Discussion Forum 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... see more

TSX:FT - Post Discussion

Fortune Minerals Limited. > Good news, bad news
View:
Post by Str8shooter99 on Mar 17, 2021 11:47am

Good news, bad news

well, that is some good news, however bad news is no results till fall and no deal, if they have to drill some more.
Comment by red on Mar 17, 2021 12:44pm
I think very likly our resource increases if indicators prove true and I think we could agree they will. The more we prove the more valuable we are,  if a buyout is lurking when do you take the plunge after we add a billion or two in resource to the already 4 billion package?  seems and odd approach all things considered in the colbalt world.  let's put that 4th wheel on ...more  
Comment by FTzzzz on Mar 18, 2021 12:26pm
Perhaps the potential buyer/investor has requested this before closing the deal.
Comment by red on Mar 18, 2021 12:45pm
I think there is a possibility to that thinking but god help the buyer if we add substantialy more to the 4-5 billion resource the have you would think the sale price has to go up but on other hand if we partner n develop that's a different story and increases product output or adds to the life of a mine or both. 
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