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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

Post by redon Jun 25, 2021 8:13am
301 Views
Post# 33449462

Is there writing in the wall for FT ?

Is there writing in the wall for FT ?

Thanks RD and likewise .....It's hard for me to ignore or cast aside what some would call innuendo and our interpretation of words and statements by mgt. ......given the many NDAs its all they can say.....I get that.

The interpretations we make here, Lotten and others I think have done well at that,  along with our best assessment of possibilities given what we know ...and we don't have a lot of choice ....we Piece together as best we can ....a possible route to some level of advancement of this project.

given what I know of Sherrit, and I have held that for a very long time, it's working out of a hole and nickel / cobalt prices are helping....along with other things for that company.

then we have sherrit saying ....Feb 2021...." we expect to fuel our growth through an increased focus on commercializing the innovation and process development capabilities of our Technologies Group.” 

.....it's not hard to not consider that this is a great opportunity for FT if such discussions were a possibility with Sherritt ......when FT talks about sites with existing facilities " The priorities were focused on permitted brownfield locations with existing facilities and personnel to materially reduce the capital and operating costs for the refinery and to accelerate development. Negotiations are in progress with the owner of the preferred site and an announcement will be made if, and when an agreement is completed" ...

....there are few where the glove fits and this along with other statements, drives my imagination and thinking.

we can sit back and say a a lot of what they or we cannot do but I am here speculating on the positive side of things and I think there are great possibilities.

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