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 May 14, 2023 9:50am
195 Views
Post# 35447288

RE:Bought 73 million in December 2022

RE:Bought 73 million in December 2022

Perhaps ? You know they say for a reason, Never take your eye of the ball, but may be a mater  of how to acquire something for nothing. From .082 to .05 ....you would think they would have a say in how to protect their investment or comment on what the company is doing or not doing or is there some bigger thing / plan going on? 

Nico is a 5 billion deposit ( its a nice asset) with untold but probably huge additional potential and if one considers they could control the largest known deposit of bismuth on earth ( and who knows what happens to that little known but on the CM list bismuth ) it's on the CM list for a reason.

we have gone from baby steps back to crawling ....Lassonde curve ? We can't seem to get out of the base of that cure and does not appear to be for a good reasaon ( with exception of some seed money which we can't yet get)  .....at same time we are not alone as our peers in the sector and others are all in same boat but we have what many don't in that  illustrious CM macro ( which along with NICO is the ball).

at this point if we did not have the gold mix with our deposit ( which is rare in cobalt deposits) we would be in worse shape and maybe a lot of us would not even be in this for so long, it's unique. This gold still a huge asset coupled with the other CMs and one of a kind deposit in NA ..let alone the world.

We don't know that RG has a lot of support in / from our BOD, let alone the vacancies / redundancy on our board , do some have other intrests or alterior motives, we know d-ck all of what's behind those closed doors but on the face of it and at this point saying nothing does exactly that ....gets us nothing.

File the darn papers, we will have to deal with the effects, Fire the board and try to get a new one, even fill the redundancies with new, just saying would be a start of some hope for SH who are on the outside looking in and see little and know little, Just do something with that candle in the window.

https://youtu.be/SFP5afPweVI


 

<< Previous
Bullboard Posts
Next >>