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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Bullboard Posts
Comment by MoneyFistson Mar 28, 2017 3:47pm
156 Views
Post# 26042423

RE:Very strange trading amongst the miners

RE:Very strange trading amongst the minersI can only assume that the disconnect between metal prices and speculative miner stock prices is down to the fact that we're in an old bull market. Fundamentals don't necessarily stack up well with the current level of sp's in all sectors, but particularly in speculative mining stocks which are particularly risky.  At the moment, there are a huge amount of variables that need to come together for actual implementation of renewable energy batteries globally, in cars and in infrastructure. Investing in a long-shot mine at this point is foolish for any institutional investor. I think we'll be here through the end of this bull market, waiting for an investor to get the mine going. In the meantime, the all-season road will get built, the economics of green energy will firm up and possibly in the next bull, 2-5 years from now, FT will get going because all the components will be in place, which they aren't right now. You look at the SP historically, and it's only this recent mania that's done anything to the SP. Things need to firm up for the real money to consider this a go, and the renewable market, particularly with Trumpy, isn't yet proven. The elements are there, it's just the time horizon is longer than many think. 
Bullboard Posts