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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

Comment by redon Mar 26, 2023 7:59am
82 Views
Post# 35361068

RE:RE:RE:Biden promises cash. Is FT on the list.

RE:RE:RE:Biden promises cash. Is FT on the list.

Certainly not saying it's not a good thing to do, just not sure we have what it takes to do it. We have spent millions on a deposit, studies, planning etc over 130 million worth. Someone walks in the door what are we offering ...a permited deposit and out dated studies, possible location, robins knowledge? 

some one better connected and closer to the endusers can deal with the metals and processing, develop offtake agreements on CMs and take the gold and of course own that worlds largest known deposit of bismuth who's day is yet to come, we know it's on that cm list for a reason...and yes take what sue Dianne has to offer. 

but again do we at ft have what it takes? Will someone have the confidence in our team or bring in their own? That investor we are waiting on has to come to the table as a partner. Sure We get the initial money, we can complete the FS and will end up looking for that partner anyway.....at this point a bank or several throwing hundreds of millions at a project to development is gonna take some doing unless we have that proven and well connected team.

not impossible Jim ....we see if more NDAs develop since Biden's speech and  maybe flip the switch on FT ...I hope so....we wait...

 

 

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