RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Results neededFinancing of the mine is the key to unlocking the true value of FT. With a partnership and a large cheque for their share we can safely finance our remaining obligation through debt with little or no equity dilution. The road is a non issue.
We wait for the reworked Feasability Study which should prove out increased production along with the associated increased costs .
No doubt negotiations with interested parties continue as we move forward in this process. Cobalt prices continue to increase with expected demand and a huge shortfall in production.
Robin and the Board of Directors have only one shot at getting this right. There is no need to rush a deal for the sake of a deal. Make the best deal we can with the rising cobalt prices.
In my opinion we will see financing this year and start construction using the 2019 Winter road. They likely will piggy back on the road construction to move equipment and supplies to the mine site.
I have never been more excited and positive on Fortune’s near and far term future.
Cobalt is the metal in short supply and a rising demand. Huge issues in the Congo where over 60 percent of the world’s cobalt is produced.
Any shovel ready project will be successful in financing this year. Ft and ECS will both be successful!
Jim.