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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
Post by kjs4381on Jan 04, 2007 6:45pm
129 Views
Post# 11958333

kriska

kriskaThere is no reason to keep the share price down now. That is now that they have accomplished what they wanted to do(in my opinion). I think the problem is we need some reason to get the increase in SP like the BFS and hopefully we'll get enough interest from the investing public to push this thing to some respectable heights and maintain it. Quite frankly I don't think the mgmt. of this company has the knowledge or business sense to attract many new investors. In my opinion greed drove the price down and it'll probably take greed to push it back up. I'm glad your holding cause by selling you lose and they win, been there done that, not again at least not with this stock. Now they are probably going to wait till the market is perfect for them to release the BFS and maybe the weather too.
Bullboard Posts