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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 Apr 12, 2021 8:57am
115 Views
Post# 32976234

RE:RE:RE:RE:RE:RE:RE:RE:RE:World No 2

RE:RE:RE:RE:RE:RE:RE:RE:RE:World No 2Given that great volume over the last month or so I think we should prepare that a number of game players will come out of the woodwork in anticipation of news. Depending on that news it may shake our new foundation. End game remains the same this resource will not stay in the ground, in the big picture cobalt will continue and increase in demand, geopolitics around cobalt will get worse and will only add to the anticipation.

we have a 5 billion resource, if this was gold ( and about 2 billion of it is)  it would be a mine as soon as that road was in place....unfortunately cobalt, in the public market,  is not yet looked at like gold but that will be changing.

Given we know the company is focused on a couple of processing sites, there is also a plan for the residual waste disposal, ( which seemed like cart before the horse but is really telling us something) our processing facility news is eminent and will complete a picture of production, The  possible options after that will be significant. Who will jump in on the opportunity and at what level will be interesting. 
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