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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 Dec 07, 2023 8:06am
134 Views
Post# 35772578

RE:RE:RE:Celly ! 6 month high! lol

RE:RE:RE:Celly ! 6 month high! lol

We Been asking that question for a long time....I think we are beyond "may" and will prove to the only realistic option in Canada and NA where we have a significant deposit, if home grown BMs and CMs matters we read about are true. 

ring of fire riches will not be moving anytime soon, that I believe is a fact. 

At Nico however, We have two CMs of significance, riddled with significant gold along with an advanced plan to mine and process facility is also advanced. We are a very unique deposit.

If there is any doubt as to the ability of the mine to keep up with the process plant capacity we are also talking to one of the worlds largest miners, Rio Tinto, about processing materials from Idaho. Further discussions apparently in play with other feed sources from other mines.

feds and territorial govs have invested hundreds of millions in a road ( Tlicho Hiway) to help service the  NWT mine site ( less than 30 km from our mine door step). We have indigenous support with the Tlicho, there are new rail facilities at Enterprise NWT that we will take advantage of. A toxic waste disposal plan. Further we now have Fed and AB financial support on some additional testing and I think it's pretty well a given that more will follow as this testing is going to prove very workable. 

there are a miriade of other positives especially with the fact that we sit on the worlds largest known deposit of CM Bismuth. 

when FT was in the 5-6 dollar range, many years ago, none of the macro dynamics of CMs BMs, existed like they do today.

As advanced as we are today it's not too much of a pipe dream that FT could regain its former glory, we won't hold our breath on that but it's not impossible. We have it all and a bit of a market shift would be significant to us ....but markets are markets too.

we are the only viable highly advanced, home grown soup to nuts operation where the glove fits and where we can check off all the boxes. 

FT will fly again ....how high? As many posters here have  said ...who knows ?

we wait.

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