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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 Marketbeaton Jan 11, 2021 4:53pm
179 Views
Post# 32272062

RE:fast takes time

RE:fast takes time

While I do agree, longer term when it's actually producing it will yeild higher returns, I however think short term there are a few catalysts that will push us higher. 


1.) 3D Geo with drill recommendations 
2.) Drilling and results/ ideally confirming what already known- there is more gold 

Those 2 alone should create a lot of excitement. I think we will see a lift in the sp because of it. They will also derisk the project by virtue of further exploration... which puts us closer to funding. 


3.) project financing/partner/ government funding.

while the first 2 for sure we know are going to happen, the 3rd seems like an eventuality. The project takes 2 years to come online. My personal theory is that the drilling that's upcoming will set the tone for what we really are, a project to be made to produce or scraps for the big player. I believe the former. If that is the case our sp would see speculative highs IMO. I think there is potential for all this to happen in the next 12 months, and I don't think it's unreasonable to assume we could reach high 70/80/90 cents. 


maybe I'm crazy. You tell me lol. 

 

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