Home > Boards > US OTC > Mining/Resources > Fortune Minerals Limited (FTMDF)
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Alias Born 01/19/2018

Wednesday, March 07, 2018 10:44:34 PM

Re: None

Post# of 64
Just read this article and did the math. Fortune owns NICO which has about 5 billion unproven reserves half or more in cobalt used in lithium ion batteries but their market cap in about 60 million? Lol. Even if the can’t start up mining which doesn’t seem like a problem they can sell it to the big boys and make a mint. 20 cents seems too low. Even with the uncertainty it should be a buck and when the mine starts up 2-5 bucks a shares would be fair value depending on how high cobalt gets.

3 Well-Valued Cobalt Miners To Buy Right Nowhttp://www.seekingalpha.com/article/4138649
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