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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 cwDeicion Jan 24, 2018 11:34am
105 Views
Post# 27423681

RE:Back to low 20's

RE:Back to low 20'sActually, the price of cobalt now is about 36.3 USD/pound. Back in November before the stock took a leg up it was at 27.5 USD/pound. Perhaps it went too far but things have definitely changed.

Other than that the government is closer to tendering offers to private companies, which is due in February.

There's a target of 90+ cents by an analyst we can expect to reach if battery R&D doesn't freak out. Worst case scenario our negative OpEx might save us from a loss. 
Bullboard Posts