Post by
Tuckerthefox on Jul 02, 2022 8:45am
This is positive
ANALYST RATING Buy 3.00 Rating Score UPSIDE/DOWNSIDE 440.0% Upside C$0.54 Price Target https://www.marketbeat.com/stocks/TSE/FT/
Comment by
red on Jul 02, 2022 9:18am
I like that post ! I would not complain but I think it's a bit conservative and my conservative view is a function of who and what RG and HW can bring to the table .... regardless they are on a reasonable train of thought Nice to see TTF !
Comment by
Allman on Jul 02, 2022 9:52am
Certainly good to see this; the target has likely been sourced from Fundamental Research's Sep 22, 2021 Fortune Minerals report. https://www.researchfrc.com/fortune-minerals-limited-tsx-ft-otcqb-ftmdf-a-unique-combo-of-cobalt-and-gold/
Comment by
red on Jul 02, 2022 11:03am
Unique ??? Cobalt, gold, copper, bismuth also Sue Diane ? More like one of most unique ready to go deposits in the world! I am sure music to the ears of some .... braaak braaak !
Comment by
Allman on Jul 02, 2022 1:06pm
The table at the top of p8 of the Fundamental Research (FR) Report gives one an idea of FT's potential share price valuation range. Given FR's current inputs and analysis, the share price is valued at $1.89 considering 1800 USD gold and 35 USD cobalt. A higher valuation would be likely with expanded Nico reserves and Sue-Dianne reserves included, not to mention higher mineral prices.
Comment by
AbuBaba on Jul 05, 2022 1:12pm
They need to raise $100s of millions for development....