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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 11, 2021 8:37am
130 Views
Post# 32265564

RE:RE:RE:Cobalt Price

RE:RE:RE:Cobalt PriceTo my point and is just the beginning and when this situation advances will help drive a coming surge on cobalt supplies where ever that cobal is...

https://www.reuters.com/article/us-nio-china-idUSKBN29G06C

What's
 interesting is that most of us never even heard of them (NIO) ....most of those that we do know of, which are probably less than 15 major manufacturers that we could name, will have knowledge of this and will have plans to avoid loosing a market position because of complacency....and if NIO expands its horizons ...which is inevitable, the competition will be huge. Few companies if any have experienced anything like the popularity of the VW beetle and maybe we will never see anything like it....but you can bet your bottom dollar they are all trying.

this just gets better for us every day and someth8ng has to break soon ...don't sell yourself short and certainly not the time to panic, but is a time for optimism and potential upswing ...keep the faith. 
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