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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 > How many cents
View:
Post by AbuBaba on Apr 20, 2022 7:38pm

How many cents

Given the rate of inflation, FT share price is really not much ahead of where it was a few years ago when it was eight cents. Just think about the opportunity cost of holding FT during that time....
Comment by Yellowknifer69 on Apr 20, 2022 8:31pm
Oh Abu, Oh Abu, Oh Abu...... Jesus man, we could spend hours lamenting about years and years of dead money parked here. But hey, that is the beauty of holding juniors - hi risk hi reward!  Like others, I think that this deposit is too good to be turned down forever.  And at some point, all that dead money comes back to pay dividends to the patient, risk tolerant investor. Well it ...more  
Comment by sirfartalot on Apr 21, 2022 8:53am
All in my humble opinion: Just a fluff off the cuff.  Some shareholders may be overlooking the fact that management may be getting a little long in the tooth (aged), and the number of years to enjoy a retirement dwindling, prior to enduring dried oatmeal at Wally world retirement residence. Hypothetically, a few million shares in ownership X a nice buyout may actually be a better deal at ...more  
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