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Gold/Mining/Energy : Fortune Minerals Limited (TSE - FT)
FT 8.140+0.2%Jan 15 4:00 PM EST
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To: Dave R. Webb who wrote (482)11/11/2000 3:30:34 PM
From: Tim Cruise  Read Replies (2) of 612
 
Gentlemen,

Thanks for keeping the thread alive. I have been focused on a few other things and FT had slipped off my radar. It looks like it might be time to return -- the Company is another year older and the resource that much bigger.

With less than 18M shares outstanding, there is still a market capitalization of ~ 10M CDN. That sure seems cheap. Farmboy's land probably has a higher valuation than that .... or maybe not.

Any thoughts on a fair valuation for the amount of cobalt alone?

Tim
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