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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 > 3.8 Billion US$ proven & probable NICO gold reserve at $2500
View:
Post by Allman on Jul 16, 2024 11:41am

3.8 Billion US$ proven & probable NICO gold reserve at $2500

At the approaching $2500 gold price, NICO has $US3.8 billion proven and probable gold reserves sitting in the ground plus what is yet to be added to proven and probable. In my rough order estimate, at current cobalt prices, FT has a fair value of $CA 0.60. Lots of potential and a ways to go from current stock prices, but we may be about to round that corner.
Comment by red on Jul 16, 2024 1:33pm
It's proven to be a very long curve / corner but lassonde will  eventually prove its self .. we wait 
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