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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 Jan 20, 2022 7:47am
120 Views
Post# 34336424

RE:Reality check

RE:Reality check

True Jim, I am sure FT would be happy to entertain the questions and if a guy really wanted and can get thru to Robin one would have his hands full as he truly knows this inside and out.

alman note is significant on our gold along with yours on gold cobalt and copper ...we are a unique deposit....not to discount the bismuth component ( largest known in the world)  yet to rear its head. 

FT in addition to its unique deposit and holdings in a world under the strain of a transformation, sits well to fit in with a myriad of partners looking to get into the BM and CM space and while a technical deposit needs a technical miner / partner to develop. The fact that we are the only permitted primary cobalt mine in NA and the issues with getting to that stage under its belt, we are notable.

the well forecasted shortage of cobalt to feed some new 240 mega new battery plants ( some 20 in the USA alone) the world over, adds intriguing opportunities, add the ethical component and the geopolitical situation revolving around cobalt the world over and one can start to put together, if one wants to go there, the opportunity that FT holds.

just looking at other BMs and CMs cobalt seems to be in a space of its own and yet to do what nickel and lithium have done in the last two years ...I wonder what investors were thinking of TPD when FT was in the 5 and 6.00 range...really means nothing given the world we are in today, but we have been there.

the beauty of a plug and play FS spread sheet, with prices as there are, and yes there are other variables, is that no matter how you look at it, initially the final numbers are going to look very good. 

I guess that assuming that someone has not committed a fraud putting the last FS together and I highly doubt that ....let's move on there is plenty of good things going on and hope we see that news soon. 

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