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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

Comment by redon Jan 06, 2021 8:04am
159 Views
Post# 32231147

RE:RE:RE:RE:Who has a Cobalt mine ready to go ?

RE:RE:RE:RE:Who has a Cobalt mine ready to go ? Patkat, I am not saying anything is right or wrong, I am not by any means a pro at this game, all I have been doing is my best to focus on the facts around me and available to us all. FT is way undervalued based on many things including our deposit and investment in the project we propose. Those facts have been posted on this BB. There are worldly factors surounding cobalt futures where the writing is on the wall in terms of demand and it's not limited to EVs, We at FT are not alone as just about all cobalts are in the same space. As news of advancement of others comes on stream as they develop thier projects it puts cobalt more into the news ....it will not be long before we are recognized and when that happens and investors see how close this project is to reality we can expect only good things....further, I think we are on the cusp of news....it's time for the company to let us know what they have been working on besides the Aurora geo report to possibly expand our resource....on Jan 20 our friends to the south will be switching gears on electrification and while only revealed in the last 6 months the Biden plan is another new variable that will affect all cobalts and other CMs related to electrification......I think we are a bargain as this reeks " mine coming" 
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