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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 > Thank You
View:
Post by Lotten on Jan 19, 2022 8:25am

Thank You

MoneyMan123456 for sharing your thoughts.

As an investor I always appreciate a different view to my own opinion. Healthy and meaningful.

But in this case it will have no influence on my opinion. Too many things point in one direction.

The mine will be coming.
Comment by MoneyMan123456 on Jan 19, 2022 9:00am
lol, I am just an interested investor, who likes to crunch some numbers for fun.  Don't get me wrong, Nico may come online for a variety of reasons, but it suffers tremendously from a purely financial standpoint.  I'll leave you with a couple numbers, easily verifiable. Nico - 33 million tons reserve @ 4.8 billion in revenue = 145 $/ton revenue Caribou Zinc Mine (New ...more  
Comment by Allman on Jan 19, 2022 10:53am
I suspect FT is aware of some of your points and consequently has continued to sharpen their pencil (even though they already had a positive feasibility study), as outlined in their latest MD&A; Before completing an updated Technical Report for the NICO Project, Fortune has been assessing a number of optimizations it has recognized to make a more financially robust project that include: - A ...more  
Comment by red on Jan 19, 2022 10:34am
So true .... as sheep like as I am on TPD I cant help but look back at the last FS and just drop the case lol there was a good business case in 2014 with 15.00 cobalt and 1200.00 gold. Today we are at 30.00 and 1800.00 are we missing something?  what I am reading here on this bb today is that suddenly that FS was a total farce but that is not exactly what is being said or is it?  ...more  
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