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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 bigfish54on Dec 21, 2017 8:05pm
103 Views
Post# 27211032

RE:RE:RE:FortuneJim

RE:RE:RE:FortuneJimAgree fully with RD. Given the spread between cobalt demand and supply going forward, I contend there is room in this tent for ALL serious junior cobalt mine developers, especially those with a realistic prospect of commercial production in the next 5 years (a smallish group). Based on expected needs for battery metals, these junior miners are not seriously competing with one another; they are all struggling internally to get the needed work done to join the ranks of commercial producers. Given that, there is much to be gained by seeing these companies feed off one another’s successes and IMO pointless ‘competition’ and bashing is a net loss. I came to the cobalt space thru FCO/ECS but now invest in several companies in alternative propulsion/power industries that are selected and weighted exactly because they are in different sub-spaces and at various stages of development. In spite of the so-called perfect storm of circumstances for cobalt at this time, this is still a very dynamic space and what diversity exists within this space should be your friend not your enemy. I find these bullboards great for company and sector news and perspective but you have to look past the fruitless bashing. My two cents ...
Bullboard Posts