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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 30, 2021 10:40am
70 Views
Post# 33100822

RE:RE:RE:Batteries as commodities

RE:RE:RE:Batteries as commodities

I will be disappointed if we have to go that route and spend that money. It's my opinion that the writing is on the wall and desperate manufacturers would be able to see what's coming in a very volatile geopolitical cobalt world.

With a process site and possibly potential partner comes in to play, what we do know it's going to cost less.... the old FS is clear on 15.00 cobalt and 1200.00 gold and your making money .... obviously much better now with things they way they are .... a new FS will only tell you how much more and I think they can put that on the table and crunch numbers that a partner can see the obvious. 

I liken it to .... If I am buying a big piece  if land, all I need to know is if what I want to build can be built on it... the rest is my problem....and why I preach in the case of FT, we need to resolve a location for a process site ... when that picture is complete we have something to sell/partner/ build. 

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