Fortune Minerals Ltd T.FT

Drill / ok experts

[Freedom2022]

Oh ,,, Thats why we are still teetering on the ledge is it?   more than enough resource eh,, thats why we Got a partner already and got bought out already?   whatever,,, cheers!     Just remember there are No Experts here!   we all bought into this Painful and many times Defuncked Company,,, im on 5 weeks holidays , when i get back i expect FT to be Complete and a Direct path for Me to make some $ and kiss FT good by for good ,,,,   clink    cheers

[geolith]

I'll explain it simply. . If you drill, you'll need cash and an expectation of what you might hit. At $30,000 to $40,000 +/- per hole, this can be an expensive program. . You might get more of the same, ie. 10 m +/- of average resource grade mineralization in a few of the drill holes. Assuming that these are isolated stand alone holes, this does not add to your resource. You can now target

[MoneyMan123456]

There is a little more nuance to exploration and classification of resources (proven / probable) and reserves (indicated / measured) then you've described, but in general I agree with your comment that FT can't really afford to delineate more proven resources at the moment.  I don't think however that the FS and related geotechnical studies / permits would be necessarily

[Allman]

re. "the NICO project appears to be only marginally profitable under a best case scenario", if that were the case, one could now argue that the business case has significantly changed. E.g. one can only imagine that a US EV manufacturer would now be willing to pay a premium for North American cobalt (sulphate) to ensure their EV's are eligible for tax credits, not to mention avoiding

[red]

Spoken like a true Blue FTer .... my only expectation is when you get back in five weeks and find your expectation has not been met that you resign your self to selling your FT shares and moving on ..... but your smarter that, you know it and you will ride this out with the rest of us cause you can see potential and it's just not happening fast enough ....it's my hope that changes before