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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 > Price and volume stock increases ?
View:
Post by southcountry2 on Nov 19, 2021 2:01am

Price and volume stock increases ?

I have to wonder what reason(s) might be behind the recent price and volume increases in the Fortune stock price?  Of course, the rising spot price of cobalt is a likely contributor.  But could it also be connected to something "favorably observed" in the recent drill cores?  Let's face it, the ultimate insiders for resource stocks are the guys boxing up the fresh new drill cores.

As some have suggested, if the core "looks" similar to the mother deposit, then an extension of the primary deposit would be quite a positive development.
Comment by Jim1712 on Nov 19, 2021 6:17am
Agreed.  I had to go back to your original post on this board.  Somehow I missed it or thought it was spam.    Have you increased your position in FT ?  Jim 
Comment by southcountry2 on Nov 20, 2021 1:31am
Per Jim, Yes, I've been a steady buyer of Fortune .... for 3 primary reasons and perhaps a dozen secondary ones .... all of which are positive. #1 With so many mega-battery factories now being built and all the major car makers going electric, the next step is to supply them with the resources to manufacture the product.  While long anticipated and somewhere over the horizon for ...more  
Comment by red on Nov 20, 2021 8:11am
Nice post ! Where have you been all of our posting life ? We think alike. Take heed people ! This is adding up. 
Comment by Jim1712 on Nov 20, 2021 8:56am
Thanks for your insight.   I am here for all the same reasons.   This will be a rocket ship.  Jim 
Comment by satchmo6 on Nov 20, 2021 2:22pm
IF A Mine is built--this will be a growth stock
Comment by Unlurker on Nov 20, 2021 10:04am
Nice post southcountry.. I think most of us here probably feel the same.  I remember your previous post about government involvement and I have the same questions.. Is that what we're waiting for? Both the US and Canadian govts have been talking about what to do to enhance the supply chain domestically, so what are they going to do? You may have noticed that the infrastructure bill just ...more  
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