Fortune Minerals Ltd T.FT

Who has a Cobalt mine ready to go ?

[red]

Answer is ....Very few .....and its that simple and why we are a significant player and why with a bit of exposure driven by the simple fact that we are shovel ready and that the demand is increaseing every day, there is not a producer in the would that is not aware of us as a supply source or a potential competitor....which way to they want to take it ? either way your gong to get it. ... have a read ...

" Goad agreed, saying cobalt is currently trading well below the price needed to incentivize the exploration and development of new projects, which he expects to contribute to a new supply bottleneck.

“It typically takes at least two decades to bring new deposits to production, meaning the cobalt deposits needed to fuel cobalt demand by the middle of this decade should already be in the development stage, and they simply are not,” he said. “Forward-looking companies like Tesla (NASDAQ:TSLA), BMW (OTC Pink:BAMXF,ETR:BMW) and GEM (SZSE:002340) have identified the risk of supply shortages and have taken steps to lock up long-term supplies of cobalt.”

For Sobotka, insufficient visibility is often a challenge.

“The cobalt supply chain entails long lead times of up to 12 months between material being mined and that cobalt rolling off an EV assembly line in the form of a lithium-ion battery,” he said. “COVID-19 led to plans being altered at the very downstream of the supply chain, and these changes have implications all the way up to the mine.

[patkat]

As Goad says, it typically takes two decades to reach production... well Goad has been working on this for two decades and we are still far from putting a shovel to the ground. I've said this before, perhaps it's time to let someone else take the wheel. When firemen are using the jaws of life to extract someone from a car accident, they have 5 minutes to make progress or someone else takes

[red]

Well you would be wrong if you think Goad has not taken several hits on this BB some of which I could agree with but also learned a lot in the many years I been here and there is nothing easy about his job and what happened in the world of cobalt and I have come to be convinced that there is nothing Goad could have done about it ...that's my perspective.....what he has done is overcome a

[patkat]

I really hope you're right, cheers

[red]

Patkat, I am not saying anything is right or wrong, I am not by any means a pro at this game, all I have been doing is my best to focus on the facts around me and available to us all. FT is way undervalued based on many things including our deposit and investment in the project we propose. Those facts have been posted on this BB. There are worldly factors surounding cobalt futures where the

[patkat]

Yes I agree with you that the project itself is undervalued. That was the frustration of buying shares 10 years ago and being very optimistic about the investment, and then watching the share price slowly sink because there was no real progress. It's too bad I didn't buy Telsa back then instead Lol. Anyway, I'm keeping an eye on it now and I hope things start happening. I've always

[red]

Many forces have been at work over the last ten years and many things have changed as you know, the dynamics of so many variables have been excruciatingly painful even over last 5 years but none like Covid  which has set the world back a few steps, this is changing to our favour at Ft. the ruckus south of us will end soon and markets will respond and much of what will happen will start with

[Jim1712]

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