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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 Aug 03, 2022 8:05am
123 Views
Post# 34867509

RE:RE:Pelosi’s Taiwan Trip Spurs Chinese Battery Giant to Pause

RE:RE:Pelosi’s Taiwan Trip Spurs Chinese Battery Giant to Pause

Agreed ...the situation will likely get worse before bettter but they are patient and clearly have long term vision and are masters of pain ( economically) the Japanese and Australians have felt it, the Germans and EU nations ( not to mention the USA) are realizing the situation they have put themselves in, much like with gas and Putin. Clearly new sources need to be planned and quickly but also with balance.

tesla is making deals with Chinese cause they know, short term, they will sell more in China than elsewhere as long as they cooperate and effectively compete with the state. Elon who has the wherewithal to fully vertically integrate for his needs does so but with caution.

the world will look and operate, on the BM and CM front, very differently in 2-3 years when FT and others are producing to supply the already started exponential growth of  battery and critical metal supply chain needs to feed battery plants alone and I don't think there is any question that is coming.

At first glance, and all things considered, we look like a no brainer however coupled with a raft of catalysts that seem to get complicated or change on us as we move up that curve, but the end game remains the same, our cobalt will be needed and our gold is desirable and the future of bismuth gets better every day. We wait for news news on steps forward and with who? 

the bigger question of what the impact is to us $$ remains a mystery and will most certainly be much better than where we are today. Haywood is not doing what they are doing for 10 cents and they are only one of a many who have put money up or effort in to see this unfold. 
 

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