Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Jan 10, 2022 8:08am
131 Views
Post# 34299110

RE:Bobcat gonna need some NICO ...very soon

RE:Bobcat gonna need some NICO ...very soon

As well as caterpillar who also already have electric track hoes etc . With a 
huge shift underway there aswell  ....bobcat is owned by Doosan, A south Korean company   ...anyone know of another S Korean company where we have relationships ...posco maybe?

yes BCat will need cobalt and lots of it as will hundreds of other companies and when your sitting on the only permitted primary cobalt mine in NA it's hard to imagine that we would be over looked as a solution to someone's ethical supply problem.

Also VW is convincing it's self ( and quite frankly they should know)  that we are on the cusp of that electrification transformation and as stated below it's going ( as we have been saying)  to come down to batteries and with that the supply chain of battery metals.
 

https://www.cnbc.com/video/2022/01/07/vw-group-of-america-ceo-i-believe-the-electric-vehicle-tipping-point-is-here.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Message


The lithium Ion is the battery of choice and needs cobalt ( and for many it needs to be ethical) as do most other popular tried and tested batteries. Lithium, nickel etc have soared ...cobalt doing good and looks good into the future.

the question remains is what happens to little ole relatively unknown Fortune Minerals when someone gets serious? I think As Emeril the chef would say..." bam " just no other way to look at it. 

 

<< Previous
Bullboard Posts
Next >>