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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 Jul 13, 2011 9:39pm
452 Views
Post# 18829116

Production in 3 years!!!!!

Production in 3 years!!!!!Wow!! What a day.!!!!... thank goodness I was able to get back most of the shares I'd sold at a reasonable price. ( I had bought Klondex, another company our CEO is a director of)  I was somewhat concerned that the share structure might be diluted significantly to give Fortune the capital to shoulder it's share ( $182M) of the development. That does not appear to be the case and production is expected to be far nearer than I'd hoped. From a reputable source today,            " ... the 2015 date is conservative and we expect to be in production long before that. We expect the money (for development) to come from the second stage partnering process and/or debt, but other options including equity are a possibility."

GLTA!!!!!!!!

Bullboard Posts