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Fortune Minerals Limited. T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. Fortune also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.


TSX:FT - Post by User

Bullboard Posts
Post by jenkinjton Dec 06, 2010 8:13pm
359 Views
Post# 17809313

Anthracite Coal is our Resource!

Anthracite Coal is our Resource!Mount Klappan is 2.5 billion tons of the cleanest coal ever, anthracite, almost like graphite in its hardness. It is very useful in mixing powdered at a 5:1 ration with coke to make steel economically. It is valued higher than met coal, and we have the largest reserve in the western world. The Riverdale company in Africa currently being sought after by Rio Tinto and others was built on a small anthracite mine on the mainland that made it profitable enough to leap into larger finds. And the resource there has no infrastructure to get the coal off the island to it's customers. Fortune is in good shape either as an independent or as a takeover target. Having held most of my shares bought at 2.10 before the meltdown, it is great to see some recognition of the company's value finally being realized. Management has, it appears, been working hard on our behalf. Keep up the good work....GLTA
Bullboard Posts