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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 > Future of Nico…
View:
Post by red on Aug 04, 2022 7:53am

Future of Nico…

....and NWT FT Nico bismuth could very well be like Saskatchewan and it's potash, wherein Saskatchewan is the #1 supplier in the world and everyone in that sphere knows it. 

the little known but largest bismuth deposit on earth rests at our FT / Nico site....when you have the largest anything in this world you have something. Its a bit surreal given the bismuth made the CM list but so few know about it and it's potential but obviously those in the know made sure it was on the list for good reason. 

leads one to believe that the eventual and also likely the inevitable slap in the face is yet to come when a metal on the critical minerals list finally has its day and everyone knows where to get it.

whilst our Cobalt and gold are practical and desirable today and into the immediate future, what does the bismuth market look like in 5 or 10 years? Someone knows, as it's on that list for a reason.

we sit good ....and yes we wait

Comment by parahyangam on Aug 04, 2022 8:59am
the world's biggest Bismuth deposit (and world's biggest metallurgical coal deposit all rolled up and owned by one Canadian company in a supremely secure jurisdiction). OK! I'll take a bite. And we pledged all that and more as collateral for a worthless 140 yr hole in the wall that briefly produced silver 135 yrs ago and despite 120 million injected since 2011 has produced jack ...more  
Comment by hounddog69 on Aug 04, 2022 10:49am
There is no collateral. The debt is unsecured.
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