Fortune Minerals Ltd T.FT

Cobalt Production

[Potash1968]

I think the problem here is that the Cobalt Production is just too small to get anyone interested in putting up such huge money to get this mine up and going. And they still don't have a Benefits Agreement in place with the Tilcho to get to the mine site.
Goad has sure screwed up this opportunity over the last 20 years spending over $120,000,000 of shareholder money and still has no plan forward.........yikes!!!

[red]

No one can deny your comment and concern but I think you have to consider today's world events around cobalts and increasing demands and the fact that we have never been and nor has RG been in this space of opportunity.  you don't buy a million dollar house and anticipate that the basement suite will pay it off .....in our case it's just about exactly what comes of this

[geolith]

Well said Red. I like the house analogy. As my girlfriends say, size is in the eye of the beholder. One person's small mine is another's large mine. An investor once told me he'd rather own 100% of 100 ounces of gold than 1% of 10,000 ounces of gold.

[Lotten]

Remember it is not all about cobalt. Don't forget the other rare metal, bismuth. A deposit with 12 % of global reserves. In my opinion one of the key factors to get this mine into production.

[Potash1968]

I appreciate what you are saying Red. I just can't understand why if this Mine is worth anything significant then why has it  been over 20 years and $120,000,000 and still no financing partner, no buyout, no way forward?

[red]

" No way forward" ?? ...P68, the way forward is on our doorstep like never before. We have been here a long time .....the predicted exponential grown and demand on BMs has never ever been like it is today, also gold is a new highs as well. remeber our last FS showed profitability with 15.00 cobalt and 1200.00 gold ....since that study BM world has changed dramatically and a lot of

[Lotten]

The past don't need to be the future. The world is changing. The green revolution is growing stronger. Nico have commodities the world will need more of in the future. It has also became a political question. Things are moving in favour of Nico. Well, only my opinion. Have a Nice Day! :-)

[red]

Very true and also a point that seemingly not long ago, no one really cared or talked about Bismuth ...but since the advent of the CM lists of NA and the EU, it has silently moved into a spot light so to speak. unfortunatly it's still not talked about much but there is a reason it's on that Critical metals list and no question we have a lot of it. FT has it all and no other primary