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Bullboard - Stock Discussion Forum Fortune Minerals Ltd FTMDF


Primary Symbol: T.FT

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... see more

TSX:FT - Post Discussion

Fortune Minerals Ltd > Waiting for hopefully imminent FT news
View:
Post by Allman on Jul 14, 2024 2:18pm

Waiting for hopefully imminent FT news

It's been over three months since NICO ore samples arrived at SGS and two weeks of continuing discussions between JFSL/Worley and FT, since the refinery site option expired. I hope that in the next coming week or so we get news on the:

1. completion of Alberta refinery site purchase
2. completion/results of SGS "optimization" metallurgical tests
3. completion/results of SGS "Rio Tinto feed source" metallurgical tests
4. start of updated Feasibility Study and who's doing it.

Patiently waiting ...
Comment by Freedom2024 on Jul 16, 2024 9:27pm
My only concern is possibly a share consolidation coming down the pipes. The Sp is being manipulated by the big boys. They are shaking the tree and the big boys are buying cheap shares. To attract investment managers, fund managers and bankers,  the Sp must rise above 2$ +. RG might have his hands tied and is simply a puppeteer for the big boys.  IMHO  F2024
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