Fortune Minerals Limited. T.FT

Cobalt is up

[uudamann]

Arctos is a world class anthracite deposit. FT retains a repurchase option for a pittance compared to the NAV.

In a bargain basement liquidation, Arctos is worth 10 X the current market cap value of FT.

Is this an exaggeration? OK THEN: How about 5 times? How does grab you?

POSCO has dropped 80 million bucks into this high grade, world's largest anthracite deposit which is connected by rail to the operating Ripley thermal coal export terminal at Prince Rupert.

PLUS: 

For each 12 cent FT share you ALSO get:

1) cobalt, gold and bismuth.
2) olympic Dam potential.
3) Fully permitted mine with all season road access and Snare dam hydro.
4) 120 million invested with a partial mine already constructed waiting to run on day one.

For free.

[Jim1712]

so, why does  it trade at twelve pennies? JIM

[uudamann]

why don't you tell us.

[Jim1712]

Lack of financing for a processing plant and mine. Two very expensive projects.    Jim 

[red]

When the well predicted low supply hits the streets it's gonna look cheap. 

[red]

No need to mince words here. The writing is on the wall and is as good as it gets. Top it off with geopolitics, CM agreements Canada USA and EU, manufacturers of all kinds jumping on and advising final electrification production plans over next 5-10 years.....in spite of supply concerns / risks, it's endless. And here sits FT and the Nico deposit that holds it all and then some with

[CobaltMaster]

What's your bullish SP for FT? Are we talking 95 cents/share? or rather $2/share? Or more?      

[red]

If RG puts together the site down south, the processing partners(s) and a mining partner then we are golden and I cannot guess on that $$ and given everything going on in the world of electrification I doubt anyone can peg that question and back up  that projection.... we are letf to our imagination.  If all that comes together ( and I don't think impossible) what I am pretty