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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 > What could be holding us up?
View:
Post by Allman on Feb 15, 2023 7:07am

What could be holding us up?

In a nutshell, final guidance, originally due end of 2022, has not yet been issued for the Inflation Reduction Act pertaining to Critical Minerals and Battery component value calculations for the New Clean Vehicle Credit - only proposed guidance in the form of a white paper issued by the US Treasury: 
https://home.treasury.gov/news/press-releases/jy1179.

Without final guidance, EV manufacturers would be taking on a fair bit of risk jumping the gun and potentially making unnecessary new investments in securing assumed compliant Critical Minerals. Supposing white paper Critical Mineral guidance is more or less finalized as currently proposed next month (March 2023), a central critical piece of the puzzle will be in place and FT should start to see some sooner than later favourable activity.
Comment by red on Feb 15, 2023 8:16am
Nicely said .... and is a possibility... maybe some where between 0.20 and 0.50 is not so far out lol  we wait n watch 
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