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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Post by uudamannon Mar 17, 2021 9:42am
205 Views
Post# 32815334

agreed. TIMING IS EVERYTHING.

agreed. TIMING IS EVERYTHING.But raising legitimate issues does not constitute 'bashing'. It is called free speech and critical thinking. Tens of millions in cash and shareholder equity were vaporized in 2014 on a 140 year old  monmetallic silver mine. Teets up in 12 months with the mill never commissioned and not a cent in revenues. Is that bashing? Could that money have been more productively spent drilling the IOCG? Why wasn't it? FT had the financial resources, powerful major shareholders, and if there was even a fraction of an Australian Olympic dam present, that would have had a value many multiples of the idiotic financial projections attached to the Silver mine. 


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