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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 > exchange rate
View:
Post by enddaytrador on Dec 02, 2022 3:58pm

exchange rate

Has anyone taken into account the difference in the doller?
Comment by Allman on Dec 02, 2022 5:44pm
Below is a link to a fair value estimate analysis done by Fundamental Research in October 2016 (you'll likely need to log in / sign up to site (free)). It's dated now, given number of shares, etc, but they included valuation sensitivity charts as functions of cobalt price, gold price, WACC, exchange rate, etc, so you can get an idea of the influence of these variables. https://www ...more  
Comment by Tuckerthefox on Dec 03, 2022 6:55am
This explains the Arctos debacle and the silver mine quite nicely. FT can buy back into Arctos if the situation changes by 2024. (Not holding my breath) Good one Allman TTF
Comment by parahyangam on Dec 05, 2022 1:06pm
TTIF: You might have mentioned that FM paid for the Fundamental Research Report by Siddarth Rajeev dated Oct 12, 2016. The silver mine debacle is brushed off in one line. Mr Rajeev omitted mentioning that the FM news release of May 9, 2014 stated FM had bought a "producing asset" with "the first concentrate produced in May".  Yet the FM financials never showed any ...more  
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