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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 04, 2007 10:18pm
180 Views
Post# 12160434

firebug

firebugI agree with what you said, but don't you agree with the point I'm trying to make about the BFS? If they had released it months ago when we were $3 or above we would have benifited from the news and as they updated the BFS to either reflect price changes or expanding the nico reserves or anything else that would have affected the BFS we would have been able to move up from there ($3 or more) instead of falling all the way down to $2 and then slowly moving up. I personally think it was bad management or in this case it was probably Robin's call. The company doing the BFS could have had it done sooner but Robin and company kept changing different items which meant the BFS had to be constantly redone. Granted if they had come out with the BFS say back in June it probably wouldn't have looked as good as it does but with updates and revisions over the next 6 months it would have come to the same numbers but we would have been in the public eye more with the updates and stopped the the freefall in the share price. JMHO
Bullboard Posts