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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 Feb 02, 2007 9:36am
74 Views
Post# 12147603

fergi

fergiYou might get a serious answer from Jim1712 or someone else but that doesn't mean it will be the truth. In my opinion they have played around with the SP and manipulated it to the point that when they have something newsworthy, like the BFS, no one cares. No one wants to get involved with a company that can't deliver on time, keeps shareholders completely in the dark, manipulates the SP, and quite frankly lacks the skills needed to put a working mine in operation. If this stock moves up it won't be on it's own merits but on more manipulation. But wait and see what Jim1712 has to say. Happy trading.
Bullboard Posts