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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 Mar 11, 2021 8:24am
113 Views
Post# 32770633

RE:Cobalt Demand

RE:Cobalt DemandThe inflection point he is referring to is the writing on the wall with cobalt and it's continued rise ....talk of potentially $28.00  ....he is likely being very conservative as the RBC and the likes usually are. It's amazing that they can't speak beyond the DRC and and glencore where there are obvious opportunities all around in Canada and USA .....speaks volumes as well.

The earlier mentioned "great disconnect" has ( to many already ) and will continue to rear its head and cobalt opportunities in NA will get thier day and we are one of them.....Olympic dam or not a primary cobalt camp like ours will sit in the ground. RBC would be doing good work talking about Canadian Jrs who will be players in our NA market. Not sure what they are afraid of.
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