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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
Post by FortuneJimon Mar 24, 2018 10:22am
103 Views
Post# 27775023

Loving the closet analogy Dryoasis.

Loving the closet analogy Dryoasis. I’m still chuckling to myself.  The Fool has no interest in providing anything but entertainment value for us.   

I’ve been in this stock way too long.  Yes I fell in love with it.  No I’m not paid by anyone.  Some on this board know me and have met me.  I previously posted under Jim1712.   It’s still active.  

Robin and the current management team and BOD have an excellent chance at getting the ball accross the finish line this time.   The road will be completed.   Whether it’s 2 or 4 years really doesn’t matter.   There is a ton of value in the proposed Nico mine.   Demand is far  outstripping supply.  China is cornering the cobalt market. There are only 3 near term shovel ready cobalt projects in the World.   Fortune is one.   

Battery manufactures and automotive producers need this scarce resource to produce a battery that can last and that is proven.  There is no replacement for cobalt in the foreseeable future.  

If you are a believer in the cobalt story then you should own Fortune.   The new BFS will be out around June 1.   Potential partners want to see this.  It’s the last box to check off.  

I hear Rumours that the executive are travelling again to Asia and other far off lands. .   It’s not to discuss a road IMHO or sightseeing!

No no need to leave the board or ignore the Fool.  It’s free entertainment while we wait for the BFS and any updates on the road approval.   


Jim. 


Bullboard Posts