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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 23, 2021 8:22am
109 Views
Post# 33053882

RE:RE:Why you need to hang on to a good stock

RE:RE:Why you need to hang on to a good stockI don't think FT by its self quite fits the bill for a Goldman's  attack .....but certainly cobalt in the big picture does. Cobalt is far more "critical" than lithium, when one looks at the various risks associated with supply as such is an easy target for the activity referred to and would not surprise me the least bit that some underhanded activity is occurring. Lithium is everywhere and the most abundant element on earth and soars....cobalt, Even in light of clear demand stays at some kinda controlled level ....just seems odd. 
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