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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

Comment by Marketbeaton Aug 14, 2020 6:49pm
159 Views
Post# 31411050

RE:RE:RE:FT ~ not a buy

RE:RE:RE:FT ~ not a buy

I wouldn't go so far as to say he is "burning" tax payer money. The advent of these programs is to increase interest and keep companies vying to bring projectes into production. The government is well aware of the deteriorating nature of mining in Canada which is why we see initiatives like this and from a more general nature NRCAN. 


At the end of the day FT is simply doing what any others would do- grab free cash and try and improve the project economics. I give them top marks for this. 


The capital markets and concentrated on gold currently so if we can repurpose the mine and add some greater interest to the project by doing so, then LETS GO!! 

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