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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 uudamannon Aug 28, 2020 7:28pm
125 Views
Post# 31474113

RE:RE:Lascaux

RE:RE:LascauxRemember this? Romaniuk said they only needed 5-6 million to bring the mine to production. Very simple task and straight forward. No brainer. Everything in place and hunky dory. Have it up and running in no time! How many FT shareholders fell for this? And got their clocks cleaned?  Lots of other experts and consultants were called in and concurred. More suckers taken to the cleaners. Listen to the first 30 minutes. And ask: Why would anybody gamble 60 million USD and a secure this worthless pit with the reckless pledge of NICO and Arctos as loan collateral. Purchase a mine without proof of production and a commissioned mill. A 140 yr old silver mine that today, after two interim owners since July 2015, still does not operate and remains 30 million short of operating status. A mine that never operated since 1900 or there abouts. FT could still wiggle out of the deal before final closing OCT 1, 2014. They had to know the Yellow Rose vein was a crock. Otherwise there would have been revenues. Did Procon and BOD fall for this? How about Lascaux? Lascaux is still out $70 million USD. Did Goad say there was production with Star Mines and an operating mill. Did I hear that correctly?

 

https://www.fortuneminerals.com/files/doc_downloads/FortuneMineralsMay12th2014.mp3

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