Fortune Minerals Ltd T.FT

Interesting Interview

[sirfartalot]

All in my humble opinion:

If you're interested, an interesting interview to watch.

Around the 3 minute mark, Mr. McEwen discusses calling OEMs / Car Manufacturers and gets a deal done.  Imagine that ... ?

Reference: Kitco News,
Rob McEwen interviewed by Michelle Makori

Interview Title: This asset will 10X by 2027 as gold hits $5k - Rob McEwen

https://youtu.be/qirYBnvb8P8

Good luck to all longs,
We wait ...
Patience is a virtue.

[red]

The whole video is intresting ! Nice ! Leaves one with some hope that we might not be wrong. Unfortunately it appears we are sitting back on our honches and waiting. What else can we call it ? our mgt says little to change that perception. the whole situation appears inevitable, may just have to put this in the closet and check back in six months or a year or whatever. ( I think MB said that a

[FTzzzz]

It is very interesting and you are right Red. Great posters on this board like yourself have been posting for years exactly what he was saying. Was having a little deja vu actually. 

[FTzzzz]

Huh!.. who knew?!

[red]

That's true FTz and can't argue that at all, we all have our crosses to bare and I guess if mgt reads " all our posts",  and I am sure they do. The flame that this board is trying to maintain is dwindling fast. 

[Allman]

$5000 gold in three years - if that were to happen, that would increase FT's fair value into the $3 to $5 range.

[Marketbeat]

Can you show ur math on that all man. - we are trading at .07 at 1800 gold- so gold doubles and we go to 3-5? That math doesn't work for me lol 

[Allman]

I appreciate the critique and perhaps I should have said could vs would. The Fundamental Research analysis for FT includes a sensitivity analysis for various gold and cobalt price scenarios at a given exchange rate, issued shares, etc. For sure its a ROM method, but you can extrapolate a FV for $5000 gold, assuming a cobalt price, factoring a greater number of issued shares, possibly lower capital

[red]

Historically, at times we were worth more when gold was 12-1300 an oz ( altho it was brief lol )  rationalising what we could be worth based on gold is a stretch and would be much different if we had 3-4 million oz.  the gold we do have is only worth it to some one who takes all the goodies that go with our unique blend if you will.... hense we need that D---m process facility

[Allman]

Respectivefully Red and for what it's worth, from the Fundamental Research cobalt / gold price sensitivity table you can extrapolate a fair value, for the current gold / cobalt prices that's in the ballpark of Morningstar's current fair value, i.e. $0.14. So at least for the respective variables in this neck of the woods the table corresponds. By extension, extrapolating for $5000 gold

[red]

Like wise on the respectability point.  and a reminder that I am the amateur investor but nonetheless, I wonder what may be coupled / associated with 5000.00 gold? Devalued USD, hyperinflation? Soaring interest rates etc  It would not bother me if we were actually doing something now and before the Sh-- hits the fan on that front  To the best of my knowledge, we are not a

[Tuckerthefox]

Please refresh me, was the sue Diane satellite deposit with gold and silver part of the 1.1 mil gold? TTF

[Allman]

No TTF, the 1.1 mil gold is solely from NICO (ref. 2014 NICO Technical Report, p. 109, Table 15.4).

[Allman]

Re. what is their hang up?  While reviewing some past news, i.e. Fortune Minerals Provides Nico Project Technical Report Update, 06/06/2019, there was a paragraph that caught my eye. It reads,  Fortune has executed Confidentiality Agreements with more than 45 companies interested in participating in the development of the NICO Project and/or securing a reliable Canadian and ethical

[red]

The glut of cobalt on the market now is known to be short lived based on all reported accounts of future demand and ....that futures ( not to distant) continues to look goad .... oops meant good.  what is it about, those in boardrooms who know, but don't act ( on us ) or do they know?? The one and only near term permitted project in NA ( one of few in the world) with an unique CM mix

[Baserunner]

Well written Red! There are 2 many unknowns here! Now that years have passed people  holding the companies shares are really questioning themselves "what do l see that others do not?" Putting faith in RG and saying to yourselves he experience and expert at this game . When at this time is the most optimal, can he deliver the goods! Sure doesn't look that way from this lookout