Fortune Minerals Limited. T.FT

Drilling

[sirfartalot]

I'd hope the geologists would chime in on this one ...

Hypothetically, what are the odds of the new drilling areas being interconneted deep underground to the known existing deposit ? (i.e. as in one large connected deposit with some areas closer to the surface than others.)

[red]

It's my hope that Geo taps into this post on inter connectivit or continuity of deposit potential  on another NWT gold JR that I have we have historically two old gold mines, giant and con mines that are a few miles apart on the surface, both produced over some 14 mil oz of gold. They rest on a strike zone that is over 70 km long ....the explored production area of both mines I believe

[geolith]

there is a lot more on Nico to be found. The recent geophysics is starting to scratch the surface, but there is a problem with "make it bigger" approach. First, how much did it cost to find what they have found, and would you double that expenditure in the hopes of doubling the size of the deposit? Maybe not. And if you would, the mine and mill model would get bigger, and therefor more

[reddog11]

I have watched this company and been a shareholder on and off for over 6 years. Usually selling to capture tax losses and then buying back in after 30 days for about the same price. I keep doing that as the proven metal in the ground is such a large deposit. I do not believe the current management has any intention whatsoever of building a mine or pursuing anything to reward shareholders. It is

[Marketbeat]

I don't see cobalt going to 90k any time soon.  what is true is ft has other potential catalysts that could get us to the holy grail.  we just need them to announce something. Like even a hello. Get in the media and promote the Nico project, it's not pumping when it's been backed by an fs.  that makes sense to me at least... people with deep pockets have been

[red]

Good reasoning to that comment. If there is anything that our history plays against us it seems to me that another PP or deep pockets and would be a concern and someone would have to ask themselves what the heck are they doing if this looking to be going status quo. I like to believe we are beyond that. pretty sure street level investors will not participate in a PP, we have not been in the

[reddog11]

Marketbeat, Cobalt went from 26,000 - 90,000 from 2016 to early 2018 and that was the last time the cobalt miners moved. It could happen if the EV revolution continues and the overall world economies stay on an inflation course and not a deflation course. Either could happen. I think then we wouold get a forced buyout. Thaats all I got for hope here. jmo RD

[red]

Your raising good points  "If the ev revolution continues" do you think or have some induction that EVs and especially Batteries ( not to forget mass storage systems) are not the way of the future? Seems to me that writing is all over the wall.....hence the well reported concern of the supply issues of Cobalt as early as 2025. inflation and deflation cause and effect seem to me to

[reddog11]

Hi Red, I think the EV revolution is definetly going to contiune . Sorry for the confusion. It seems there is a chance at some point of a major equity correction which would take the winds out of the EV market for a bit. Ohance of this with all the mortgage / rent deffermnets going to end as well as the extra unemployment $. However, IF thre is more money thrown at the problem, defferment

[red]

Appreciate your perspective and comments - thanks

[DukeJupiter]

This post has been removed in accordance with Community Policy

[elitespooner]

long term debt is due, this wont be in current shareholders hands in those few more years you talk about...

[sirfartalot]

@elitespinner In my humble opinion, I recommend you call investor relations and inquire about Stage 2 of the agreement, and the plan for the 7th anniversary of the date of issuance. https://www.fortuneminerals.com/news/press-releases/press-release-details/2015/Fortune-Minerals-Executes-Restructuring-Agreement-with-its-Secured-Creditors-to-Settle-Debt-Obligations/default.aspx