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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
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

Fortune Minerals Ltd
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Post by WarrenBuffet74on Dec 11, 2020 10:23pm
216 Views
Post# 32092093

Memory Chip semiconductor company

Memory Chip semiconductor companyHello fello Fortune Mineral shareholders,

I figured it wouldnt hurt to share a stock that has bumped down Fortune as my largest position in my portfolio.

Take a peak at SGH Smart Global Holdings. Its a smaller play memory chip maker. I ive averaged at 28 throughout this last tumultious year...its up to 35. SGH along with WDC are at the cheapest valuation compared to their peers....Market capitilization wise, Book/Market Price and Price/Sales are very low.

This possibly can grow 3-4x in the next 5 years. 25 + years in business...revenues of over 1billion. Fortune will probably be my last penny stock i ever invest in.


P.S. AMD, NVIDIA and many many more have gone 3-10x in the last 5 years. Fortune is a pipedream that im hoping transpires so i can sell and move on.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities