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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 Jul 02, 2024 9:42am
121 Views
Post# 36114164

RE:New PATH: JFSL/FT LEASE TO BUY ARRANGEMENT ?

RE:New PATH: JFSL/FT LEASE TO BUY ARRANGEMENT ?

Totally agree on this possibility....and has probably been in works for some time , behind scenes ... FT will not be able to do a UFS without relative detail of current construction cost estimates, which are not easy to get .... consultants alone rate poorly in this regard we see that every day .... but consultants with current construction depth and experience are invaluable.... even more so as a team member, Worley will know that and consider it to be of great assistance for the UFS.

we wait .. 

 

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