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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 > agreed. TIMING IS EVERYTHING.
View:
Post by uudamann on Mar 17, 2021 9:42am

agreed. TIMING IS EVERYTHING.

But raising legitimate issues does not constitute 'bashing'. It is called free speech and critical thinking. Tens of millions in cash and shareholder equity were vaporized in 2014 on a 140 year old  monmetallic silver mine. Teets up in 12 months with the mill never commissioned and not a cent in revenues. Is that bashing? Could that money have been more productively spent drilling the IOCG? Why wasn't it? FT had the financial resources, powerful major shareholders, and if there was even a fraction of an Australian Olympic dam present, that would have had a value many multiples of the idiotic financial projections attached to the Silver mine.
Comment by Yellowknifer69 on Mar 17, 2021 10:27am
Hello and good morning Longs: You know Uudaman - I might not agree with everything you say, but I will one hundred percent support your statement. Normally when one discovers a claim, they drill it out, define the boundaries, and then sell the SHYT out of it to perspective backers.  FT did not do this?  Why?  Who knows. But the clear message for me is twofold; 1.  Yes, we ...more  
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