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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 09, 2021 8:32am
267 Views
Post# 32260748

RE:RE:Cobalt Price

RE:RE:Cobalt PriceWe would be fooling ourselves to think that demand for cobal will not continue and expand as Europe leads the automotive transformation. Clearly existing Manufactuers, let alone start ups, will not be leaving this to Mercedes in the short term and in to the next 5 or ten years.....it's going to be huge and will be putting pressure on cobalt supplies, which we are seeing, and we probably are looking at the last days of 15 and 16 dollar cobalt as long as things continue the way they are reported. We were very viable at 15.00 and from here on will be that much more profitable for our investors. We need to hear news of progress on multiple fronts, we are paying big wages and people are working on something besides the Aurora Geo .... so c'mon Troy put some news out there tell us what you guys are doing.

https://www.cnbc.com/2021/01/08/daimlers-mercedes-benz-triples-electric-car-sales.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Message
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