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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

Bullboard Posts
Comment by kjs4381on Dec 12, 2006 4:56pm
128 Views
Post# 11854795

RE: Promises

RE: PromisesThe report is done based on the info that Fortune provides. When they keep changing the figures the report has to be redone. They already said in their last release that the BFS is going to have to be updated with the current drilling and sample information after the BFS is released. They should have released it a long time ago and then kept updating it as the information came in. The way they are doing it the BFS could actually never be ready because the numbers will constently be changing either with the market or with more drilling and sampling. In the real world that's what companies do release info as they have it and update and increase their figures when necassary. So babasheep take some more ridlin and come back to earth.
Bullboard Posts