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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 Feb 15, 2007 12:02pm
112 Views
Post# 12242617

RE: . .and there it goes...

RE: . .and there it goes...Fergi, just like you I'd like to know when we can expect some more news an update of some sort. But this company doesn't think like that, they just keep everyone (except their close buddies) in the dark until the info is either leaked by the press or or so old that it has already been public knowledge for a while and the release is just a formality. Like the Ridley deal. Speaking of the Ridley deal what's going on with Fortune getting their pound of flesh or some kind of compensation?
Bullboard Posts