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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 23, 2021 8:37am
190 Views
Post# 32856752

RE:Anyone have a guesstimate how high we could go $ ?

RE:Anyone have a guesstimate how high we could go $ ?

I don't look at what's ahead as road blocks ....not to take away from your point but I think given all that is going on in the cobalt, battery metals and political world around all that considered, ( and let's agree it's never looked better for us at FT or any cobalt OS the DRC) I think we have to look at this as evolutionary. These few unknowns, that hold us from a development will unfold in a systematic way of events toward development. " it is the way"

we have spoke of the stars lining up on this one by one for years, most of us who have been here ten or more years have watched this unfold and have been saying the same thing ...what is it going to take and I think most of us agree we needed exposure to grab attention of investors and we may have just crossed that threshold and opened a few eyes with the tremendous opportunity that FT is given so many factors to numerous to mention going on in battery metals space.

lithium for example, the most abundant ( and well known) metal in the earths crust and critical to batteries, has gone wild but also has great market exposure....but cobalt is another story that had some short lived exposure a while back, but now may be getting the attention it needed.....maybe the great disconnect between miners and manufactuers comes to fruition, much driven by Can / USA CM list, new US policy, geopolitical activity etc etc.

FT is the only Primary Cobalt mine in NA that I know of that is virtually ready to go on short notice and with a few unknowns coming together  could be in production in two years or less, not 5, 10 or 15 years.... we have a lot of gold and bismuth both highly sought after. To boot we have unexplored deposit potential to either expand production or add to life of mine ....all this is worth something to some one or group. Don't get lost in this spike there is way more to this story to unfold as this comes on stream and I think ripe for the picking by the right parties....battery metals people have been saying so for the last two years ....covid may have threw us off but also opened opened a few eyes.....it's coming together ...stay long more to come on the FT story. 

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