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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 11, 2021 6:20am
188 Views
Post# 33683565

Robyn

RobynIt is seems a little late in the game to be slagging Goad.

Aurcana, the current owner of the Revenue-Virginius silver mine, has started production at the mine. This only underscores further the phenomenal incompetence of FT management and the BOD when they decided to buy the mine in 2014.

Goad, all of  FT's management and the BOD, should have resigned on the spot in 2015 when mine operations went to ground and FT barely escaped liquidation that included massive share dilution and a hidden poison pill granted to Lascaux Finance. But they DID NOT RESIGN! It remains indredible that the largest shareholders, POSCO and ProCon, stood by passively when this sh*tshow hit the fan.

Aurcana claims there is 35 - 50 Oz of silver equivalents per ton including the Yellow Rose vein based on their personally supervised drill results. But in 15 mos of operation, FT never produced any silver or revenues. The Yellow Rose vein when FT mined it was "worthless".

Somebody is lying.


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