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Bullboard - Stock Discussion Forum 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... see more

TSX:FT - Post Discussion

Fortune Minerals Ltd > “ There is something about Mary”..
View:
Post by red on Feb 12, 2021 8:56am

“ There is something about Mary”..

Opps sorry I meant "Fortune"....are we on the radar? It very intriguing question ....FT with a resource could, tommorow,  fit into a miriade of situations from our own operation, supliments someone else's, fill a specific vertical integrated manufactures needs for years and I guess in the worst case if someone wanted to buy us...could just sit in the ground......I am pretty comfortable we will not be a gold mine unless there is 3 or 4 million oz hidden in this and maybe there is but that's more time ....then we are also back to that " technical miner" situation.

a lot of cobalt operations seem to get on these lists where there is nickel cobalt, copper cobalt ...toss in silver....but in the end our deposit is unique to all of the others and broadens the range of the radar as to who could be looking. While the range is broadened in terms or resource comparisons, there are really only a few that would properly exploit the resource for what it is assuming that is the intent, we could be talking to those few who are focused on this whole picture.

we just resolved part of the processing waste issue ( this is significant in the environment / mining areas) is it just me or does not seem significant that the company was focused on telling us that ....we apparently don't have a facility but we know what we are doing with the waste from that facility.....who of the interested parties wanted that info? Who has looked at us so closely that they needed an answer to the waste handling? 

I think that news was significant and means to me we are clearly on someone's radar ....FT could have and should have released some news given what's going on in the world of batteries and ithe4 matters yet no mention of anything other than we found a route to dispose of our processing waste.

I think we are beyond radar and more like a target ....Just my typical wishfull thinking

Comment by George108 on Feb 12, 2021 9:20am
Come on Sherritt. They (Sherritt) produce about 3800 tones of cobalt per year. Fortune will produce about 1800 tonnes per year. I don’t knowhow much more they can produce at this time. Can Sherrit increase refining capacity to take on NICO ore?
Comment by red on Feb 12, 2021 9:37am
Another great question ...just imagine getting your cobalt ore from 1000 miles north ...in house so to speak , and given that it is Canadian ....vs Cuban, they would actually be able to sell to the Americans !  Some modifications may have to be done to Sherritt to produce cobalt suphate ...I don't know for sure ...and some expansion my be required...but a 100 million expansion is a lot ...more  
Comment by Lotten on Feb 12, 2021 11:54am
Proud Mary or Calamity Jane. Someone is hiding in the shadow of Fortune. The last press release give no sense unless something more is to come. See it together with the article about the refinery some weeks ago. Clearly something is building. Have a nice weekend !
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