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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 > Moving up.
View:
Post by Jim1712 on Sep 29, 2021 6:21pm

Moving up.

RBC removed their large sell yesterday and showed up on the buy side.  I feel sorry for those that sold, seeing that large sell order sitting there for such a long time.  The games people play . 


Jim

Comment by red on Sep 30, 2021 8:10am
It probably was a buy time and I considered again, no pity for game players ....while it's a long story, given the times and all going on around us along with a bunch of unaddressed scenarios FT has a lot of potential. so many big end users making moves and things happening, FTs  future and our dreams could change in a heart beat. Yes we could go the route of the FCCs and the JRVs no ...more  
Comment by geolith on Sep 30, 2021 11:15am
You may have that cahnce to buy still.  Drilling a well defined geophysical taget next to a well defined deposit rich in BM....  What's the risk.  If they bust on this, it may dip a penny or more, but the deposit is still there.  If they hit, a few pennys up, or more.  The difference is that there is a threshold that obviously hasn't got people banging on the door. ...more  
Comment by Marketbeat on Sep 30, 2021 12:07pm
Masterfully put!  I just want to add- let's not forget the pricing pressure on cobalt... last run we had (in 17/18) was purely driving off cobalt prices going haywire. Well... they are creeping up again and we are arguably farther ahead than before. 
Comment by red on Sep 30, 2021 3:52pm
No argument on my part ... but if I read right ...5 targets five different areas and 3000m drill program ... I guess may tell us more than I thought. Believe me I am optimistic. 
Comment by Jim1712 on Sep 30, 2021 9:28pm
Pretty sure they know there is more.  Lots more . How much, is the billion dollar question .  Jim 
Comment by red on Oct 01, 2021 8:06am
Well this is true in my mind and as you say the billion dollar question for a "well understood deposit" and if we were doing 20 thousand meters I would think we have different objectives. Like I say 5 targets 3000 meter program and I am pretty comfortable that good will come regardless. My bigger question is someone looking for better information on expansion possibilities? It   ...more  
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