Fortune Minerals Ltd T.FT

Robin is talking ....

[red]

Just off Twitter a few moments ago..

https://cabinradio.ca/62829/news/yellowknife/study-unearths-new-assessment-of-arsenic-in-yellowknife-soil/

Robin is talking to someone and if this continues he could be be the rock star of Cobalt in NA. Let's get it done

[red]

Opps wrong post ...try again .... https://twitter.com/fortunemineral/status/1392463254576943108?s=10

[Marketbeat]

Well that's something.... he said capex is 750mn... before it was 800mn, meaning that opportunity they discussed in souther Canada seems to be the winner... we just do have official confirmation... interesting, I wonder why the delay

[red]

Thats a good point on investment $$ and an interesting sharp pick up, I also appreciate the private mesages i have recieved in support of VM request and as of this am I have a better understanding of what we ask and why we may not get..... we may have to spend 20 - 30 k to do a VM, i am not infavor of spending that and its cheaper to call Troy or Robin -  so if anyone follows the rolling

[reddog11]

750 million capex seems like a no go from all the latest mine financing I watch. ASCOT received about 200 million and a few others like RIOFF are trying to get 150 million. With the track record we have here I just don't see 750 ever being done. Do we have to actually spend that much or is it a wish list? We need to just get the mine running and ditch the big wish list. I fear 750 would be

[Marketbeat]

Hey RD, 750 is a big number but they are asking for an equity partner so it's more like 375million.  that's more manageable than 750 but still a lot.  while I do agree we have outs, I'm curious to see which path we take...  

[Jim1712]

This post has been removed in accordance with Community Policy

[red]

I don't think I am telling anyone anything news .....Processing processing Processing .....get a plan to get the most gold ( as good as cash) as fast as you can and many problems go away and what makes our project so far ahead of others in that we can do that and others can't because I don't know anyone who has what we have .....convincing a partner(s) is an obstacle that technology

[Jim1712]

This post has been removed in accordance with Community Policy

[red]

True .... we have been advised that it is a technical project and over course of time I have learned more as to why (given the deposit make up )  there are clearly some miners and processor that have all the technical knowledge and some with infrastructure that can do this. Our big advantage is that we have a near immediate source of revenue with our gold once we start processing and that

[sirfartalot]

All in my humble opinion:   I don't understand why shareholders would need to be diluted into oblivion.   Hypothetically, if management is doing its job properly, there should be options/opportunities on the table like: Selling some of the gold forward,  Gold streaming, possible cobalt streaming (There are numerous streaming companies),  Offtake agreements

[AbuBaba]

Looks like we're heading back to 10 cents.

[elitespooner]

from the Horse's mouth, less than a year ago A Northwest Territories mining company is turning its project focus to gold. Fortune Minerals Ltd. announced it received $144,000 from the territory's Mining Incentive Program, in a news release Monday. "The company's switched focus to gold follows its announcement last October that it would shelve plans to

[red]

Exactly you need to process the most gold you can first to crate the fastest and revenue stream to pay for In part a lot of the upfront costs of the project .... a factor that a partner (s) would be more nterested in? 

[Tuckerthefox]

Sweet, I will be buying more

[elitespooner]

Colomac is looking for a couple more million ounces and we are waiting for the same road.

[red]

Great while they are looking for more gold and a road ... we have both.... and hopefully the process site soon. 

[elitespooner]

The capex let alone the costs of the North. We just seen TMAC fold up with their Gold deposit, my worry is with all the Cobalt current exploration, by product production, recycling, technical changes etc that this deposit turns into a Mactung/Cantung show... There is no way the company is approaching this as going it alone ....