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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 > fall / maybe
View:
Post by Freedom2022 on Jan 18, 2022 11:59am

fall / maybe

Thanks Moneyman, puts FT into reality,, i whish info like this was around years ago ,, never would have "dipped "  Sounds like Drilling and FS in the future,,, new prediction ,,, Fall maybe!   Pumpers beware!      Moneyman is here to bring us to reality ,,, i dont want to hear pie in the sky promotion from desperate share holders like myself,,, Dam FT,, no wonder its so quiet at headquartesr,, No interest,,
Comment by MoneyMan123456 on Jan 18, 2022 1:03pm
No worries, I was initially pretty positive on the NICO mine, however have soured considerably after reading some of the documentation.   I recommend reading the MD&A from the previous quarter, it does not give a huge amount of confidence on the direction and strategy of the company. In particular they appear to have almost 15 million in secured debt coming due in the next 1-3 years ...more  
Comment by sirfartalot on Jan 18, 2022 7:19pm
All in my humble opinion: Oh good, another "spinner" alias joined the board to enlighten me that my shares are worth nothing.  Thank you.  Obviously, everyone has to do their own due diligence, and has their own opinions. In my humble opinion, I'm pretty confident the ounces in the ground as a resource, plus project development, plus Sue Diane satellite deposit are worth ...more  
Comment by MoneyMan123456 on Jan 18, 2022 11:12pm
I respect your position with regards to the quality of the source.  It is a decent deposit with a reasonable mine life.  There may well be a medium sized miner that will buy-out FT. The problem is that the NWT is probably the highest cost jurisdiction to mine in, in the world.  Labour, logistics & shipping, climate, regulatory are much higher then any other jurisdiction.   ...more  
Comment by Jim1712 on Jan 19, 2022 6:37am
All possibilities moneyguy.   The realities are , China controls the worlds supply of cobalt and bismuth.  The USA and the rest of the world have just come to realize they need a safe and transparent supply NOT controlled by the Chinese Army.   Never underestimate the will and power of the USA to get what they want at all costs.  good luck with your future forecasting ...more  
Comment by sirfartalot on Jan 19, 2022 6:49am
All in my humble opinion: When a new alias arrives, whereby they supposedly do not own any shares (unless I misread your past posts), to attempt to convince people an investment is worth little or nothing, one might ask themselves: "What could possibly be the motive ?" To me, it reads like somebody wants something for very little or nothing. What's your motive ? Large company ...more  
Comment by Jim1712 on Jan 19, 2022 7:17am
Correct.   Jim 
Comment by Tuckerthefox on Jan 19, 2022 7:22am
Agreed. He has an agenda. IMO
Comment by red on Jan 19, 2022 8:03am
I guess no one can deny the expense of mining in Canada let alone the NWT where ESG is important to Canadians and becoming huge factor for any financier....in fact it's becoming, if not there already here, one of the single most critical components especially with cobalt and the financier....a fact that no miner will escape.  to achieve a great ESG there is a price to pay ...that ...more  
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