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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

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Post by Nemesis on Aug 09, 2024 8:48am

No doubt

The revised feasibility study will be filed soon (that's what the $16 million in grants are for) and I have no doubt that advantageous financing will come afterwards, with an equity portion at an adequate price.

Unofficial purchase offers may have already been made by battery or automobile manufacturers, or even mining companies like Rio Tinto.

Significant equity investments may also be considered.

We could also consider selling part or all of the gold production, for example.

In short, there are all sorts of possible combinations in terms of financing and personally, I have no concerns... we are still talking about 50 ounces of gold per year and bismuth and cobalt which are strategic for the future.
Comment by red on Aug 09, 2024 9:40am
Well.true to part of your point ... a while back, RG publicly said he had been contacted and could make a deal in a nano second but also wanted to see some skin in the game from end users, that was telling about discussions in play .... darn NDAs !  what amount of skin could he be talking ? Full body graphing? Still having a problem ( as we all should ) digesting his comments about that ...more  
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