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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

Post by uudamannon Aug 27, 2020 9:29am
191 Views
Post# 31459637

Whati NWT

Whati NWT411 million $$  is being expended to bring on all season road to a remote community of 500 people who are engaged primarily in hunting and trapping with a bit of seasonal tourism. There has been a functional local airstrip at Whati and a winter road good for 8-9 months of the year. Whati has managed to remain alcohol free because access has been limited and could be controlled. This might change with an all season road and access to the bright lights of Yellowknife.

The NICO mine and property were developed without an all season road 20 years ago. Workers were able to get back and forth from their communities, local and distant. Ditto for the heavy equipment.

Why the road? 400 million is a lot of money. It might bring more problems than good. There is no heavy industry in Whati.





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