A Few Thought about FTI was in FT a few years back, then sold my shares, and have been thinking about investing in Cobalt stocks again, Sure FT is one of my choices, and I have read the FT board occasionaly, and familar with a few long term posters such as Jim & Red.
I just went through the presentation and re-fresh my memory of FT, and just have some thought as an outsider:
1 Maybe FT should change it's name to Futune Gold, and it's gold grade is high enought to make an economic gold mine;
2 Why the management not make the gold stream deal to finance the mine?
3 FT's cobalt grade is just too low, at 0.1%, if NO by-product credits, it will never be mined;
4 Why the management not to make some offtake with Chinese for their Bismuth concentrate?
5 The copper grade is just too low to have value.
The All season road will be complete by the next fall, this may help FT to reduce the Capex, and bring investor's interests. The SP has fluctuated betwwen 0.06 to 0.08, and we may have to wait until the road is fully built and cobalt price comes back.
You may not like my comments. That's what it is.
tiger