Fortune Minerals Ltd T.FT

Comparables

[sirfartalot]

All in my humble opinion:
As always, due your own due diligence.

(Happy Mother's Day to all the Mums out there too.)

As part of my own due diligence, I have been searching for recent comparables in the event of a hypothetical bankruptcy. (A silver mine comes to mind). Examing a possible/potential hypothetical worst case scenario.  As the old saying goes, prepare for the worst, and if the worst doesn't happy, you're better off.

If anyone has any suitable recent examples, I would be interested in reading.

One recent example I have found, is Harte Gold.

https://www.miningweekly.com/article/silver-lake-completess-harte-gold-buy-2022-02-21

https://www.mining.com/silver-lake-resources-grabs-troubled-harte-gold/


Of course, once again, a few reminders for reference:

References more than 130 million invested in the NICO project
https://www.fortuneminerals.com/assets/nico/nico-resources-reserves/default.aspx

References 3.9 million gold equivalent ounces with base case for NICO.  Is Sue Diane included ?
Are the current drilling results included in that number ? (i.e. hypothetically, the number should increase with any future drilling ?).

https://www.fortuneminerals.com/news/press-releases/press-release-details/2012/Fortune-Minerals-announces-updated-mineral-reserves-and-positive-FEED-study-results-confirming-NICO-economics1130060/default.aspx

References how to value a junior minor's gold in ground per their opinion:
https://munknee.com/how-to-value-a-junior-miners-gold-in-the-ground/

References gold equivalent ounces:
https://www.fool.com/investing/2018/05/21/what-is-a-gold-equivalent-ounce-geo.aspx


Good luck to all longs,
We wait, and then we seem to wait some more.

[sirfartalot]

All in my humble opinion: Darn autocorrect: As the old saying goes, prepare for the worst, and if the worst doesn't happen, you're better off.  Not sure how "happy" came about lol.

[sirfartalot]

All in my humble opinion: It looks undervalued to me.  What am I missing ? Good luck to all longs,

[red]

Short answer: NEWS

[Lotten]

I think you're missing the fact that we don`t have an uppdated feasibility study. Who wants to invest in a company with a feasibility study from 2014? That should have been a priority by the management. They tell us that it's coming, as they have said for some years now. But nothing happens. And I also think you should ask yourself the questiion what influence the inflation, and perhaps

[red]

News !! is expected to show, where the money to do a FS  is coming from and you won't be seeing a FS study with out NEWS on a site that we own and we don't know where that money is coming from to aquire that either.  The NEWS that we are looking for could be the difference between .05 and .25 lol or whatever.  RG needs to make something happen.