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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 Feb 28, 2023 7:40am
66 Views
Post# 35308950

RE:RE:RE:Todays presentation

RE:RE:RE:Todays presentation

What you refer to indirectly is the great disconnect that Simon Moore's put out there a few years back identifying that users have yet to and will probably have to partner with mines to be sure to have a supply ....Elon has jumped into that mode ....who is next ? When?  ...what does it take? 

we have no indications of any such activity....apparently RG has been to the auto makers but they are only a fraction of "users" ....then apparently some are also back to the table and discussions with some miners ....but not us, that we know of ....we are ripe for the picking with this project and can't seem to get it over the line.....but then again who, in our realm of potential cobalt suppliers besides glencore, have been able to crack that nut.

we wait for capital markets to do what?  toss 700 mil our way ? With our highly experienced team and silent and deficient ( and in some cases) redundant board? 

is RG in control of this ship? No out of the box thimking in this CM environment? Ramp up with a blood transfusion, it may be what the doctor ordered. No one but RG to hold accountable on this front ...assuming he controls the ship. So no sympathy on that front. 

we need that partner? we will look much better to the "capital markets" so to speak with some changes  ...are we holding and have redundant seats on our board hoping some one comes along.....if it means anything I don't see what we are doing as a strategy, if it is, it clearly is not working ....change required.

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