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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 Nov 04, 2022 8:03am
141 Views
Post# 35072274

RE:RE:RE:RE:Sleepy Thursday

RE:RE:RE:RE:Sleepy Thursday

My reference is purely to Chinese cobalt corporate types, nothing but respect for the people I know as they are great friends and good people  ....and they agree with me and often warn me lol....so we are 100% on same page SFA.

as I have said before, the cobalt market, unlike nicke and Lithium, is a very small club and we all know who controls most of it let alone the fingers they have in the rest of it. Relinquishing control is not easy.

We are not immune to possible infiltration the question is are there nefarious objectives out there? We likely will never know but it sure does not look good given this "Incredible macro" that surrounds us at FT.

our government just made a statement, posted by A, regarding Chinese corps divesting from Lithium for national security reasons. Lithium is the most abundant element on earth and yet we feel we need to make that kinda statement in canada, we have done it before with other take overs of mining gold etc. ....given the rarity of known, let alone permited cobalt deposits , where does FT's situation fit into that picture? Even as small as we are.

I am not big on conspiracy theory's but it reeks control in the cobalt sector and I doubt I am the only one thinking that and likely many investors ( banks, corps etc)  are wise to it and steer away from it for that very reason. I don't know and just putting it out there. What's going on with us at FT is not making sense to me. why not bar Chinese corp investment in all BM and CMs in Canada for national security reasons? 

all we have done at the gov level with lithium is like taking a slice of pizza off the plate ...took a bite and put the slice back on the plate for someone else....stay long something has to change is my thinking.

the advent of electrification of the world, which is an industrial revolution the likes of which we have never seen is upon us and more coming and may be the single most important sector to be least affected by what looks to be coming in the general market ....along with gold lol

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