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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
Comment by ForcedHysteriaon Nov 13, 2018 5:25pm
103 Views
Post# 28968353

RE:RE:RE:Fortune’s cobalt news.

RE:RE:RE:Fortune’s cobalt news. I dont think anyone believes in strong arming the indigenous population up there out of a deal but rather they would want the deal to be sped up.

The whati road will take 3 years it seems to build. That is 3 years to negotiate the useage of the land their legally allowed to use for their spur road. Working on other aspects before the road is a smarter move right now because it doesnt make sense to negotiate that 3 years before hand (shrugs)

as for the study, one of the major things I discuss is a disconnect between management and investors. Delays are inevitable in the scale of these mines nowadays. It would be nice if we had the transparency of the board but all things considered. Its progressing better then other mines around Canada in regards to Indigenous rights and values regarding land and land management.

This discovery is going on 20 years and the mining rights 10+ --- trust me, they have not been strong armed or rushed into an agreement as of yet and more then likely won't be.

Bullboard Posts