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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 May 30, 2021 11:40am
127 Views
Post# 33294064

RE:Withhold All

RE:Withhold All

Good call and nice DD.

you may have noted a small pp of 400k may 27th 
 

my opinion is that the exploration was paid for with gov funds for the most part. They'd be nuts not to drill if the expiring yielded more resource potential. 


the waste dsiposal- we will figure that one out with an updated FS. But a few things stand out to me. It derisks the project from some of the feedback from the corman park fiasco. It moves the onus of hazardous material management to another company. Ft will require less land because of it so that would be a cost saving. The optics are the bigger point imo. This may also speed up environmental approvals...


as far as how I will vote. Well. I mean could have would have should have... it's easy to criticize them for not being in production, but I still do think government have to wake up. Banks arent just lending to companies. If that were the case why hasn't Fcc, jrv locked up financing. 


again... everyone is entitled to opinion. But I find it reductive to just say well the operators of ft are just making money off our dime. They have managed to keep the company afloat thus far. It's been hard to hold on with the ups and downs. 


 

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