Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Post by redon Dec 30, 2020 10:45am
235 Views
Post# 32196845

we been through a lot

we been through a lot and FT has been thru a lot over 20 years, for over four years 2004 - 2008 we were at or above 2.40 ...in that time peaked at the 4.00 range 4 times, in that time further peaked at 6.00 and was over 4.00  for at least 6 months.....a lot have things have happened since and the focus then was not always about cobalt.....a shift in focus along with market issues changed - some made alot on money here on FT and i am sure Goad n company did well too...point is we have been there. 

What we did not have then but have now is we are in electrification mode the world over - it undeniable and unstopable - like a snake shedding is skin seems like a long slow process but this will be like nothing the market has seen before (or us in most of our investing lifetimes). Cobalt will be a part of this change no mater what form and we know it has seen a great spike, and i would say do not underestimate what it's potential is...too many smart people are gong to look very dumb and loose alot of credibility if they are wrong - i dont think they are wrong.       

Here on this BB some time ago some one asked what our potential was....well history might say it was going to repeat itself but given the uncharted waters that we are in the world over and on so many fronts, I cant go with just repeat, as a spike then decline - cobalt is here to stay for the long term. Our unique FT and NICO deposit will be part of someones supply chain and i think with all these differant factors at play, its time is comming in 2021. Good Luck to all and best wishes in 2021.   
<< Previous
Bullboard Posts
Next >>