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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

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Post by reddog11 on May 18, 2021 11:00am

NICO

I know I may be slammed but its an open forum and I have been here a long time as well as many.
With current management this mine will never be built. Its so obvo=ious by now. They are completely out of reality dreaming for a 750 million package. It simply will not happen.

Build the road mine the metals and sell to someone else. We do not need our own facility. The reward of refining ourself will never make up for the loss of never mining anything at all.

Become realistic and mine the metal or sell the mine. Anything else will drive this company to complete ruin as formation found out.

jmo, now let me have the RATH.

RD
Comment by Tuckerthefox on May 18, 2021 11:17am
Or  leasing it for 30% of the profit. I suspect someone else will be running the operation. Red and Jim are right, this is the best time to own this stock. Bitter, negative comments from those that have been burnt will not help this company and our share price move forward. I look at these boards before I buy a stock. Reading many posts here would turn me off.  A share holder since 2007 ...more  
Comment by Sideout on May 18, 2021 11:29am
From my 40,000 foot view on this project it would make sense to stick to one core competencies and stay in that lane.  Not to say that partners can come in and do most of the heavy lifting.  Networks and good listening are always good. SO
Comment by red on May 18, 2021 11:54am
No Need to slam on your thoughts ...we are so desperate to see a deal we will take almost anything lol, but lets not forget FT nor cobalt have been in this space before and no need to take pennies when there is probable dollars out there.  I see glencore is ramping up for the cobalt demand that is coming and is restarting Mutanda in the DRC - great for cobalt its going to be needed and Nico ...more  
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