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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 uudamannon Feb 25, 2020 9:50am
155 Views
Post# 30730203

The Olympic Dam

The Olympic DamThe geophysical anomaly at NICO has been known for many years. Yet no drill program to delineate this possible very large asset value has been described and therefore presumably never undertaken. Instead millions were blown out the door for a worthless 140 year silver mine (with most of the ancient stopes collapsed and water logged) in southern Colorado. A mine last in production in 1895 (not a misprint). The mine only existed because the Sherman act by the US congress subsidized silver to offset the deflation resulting from innumerable post civil war private US bank failures. Why did this by FT purchase happen? FT and partners spent 230 million dollars meticulously and professionally assaying the NICO and Arctos assets over the past 20 years. Now these are shovel ready projects. None of this makes any sense and the silver mine debacle cannot be simply dismissed as incompetence.
Bullboard Posts