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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
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

Fortune Minerals Ltd
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(41)
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Comment by polygraph46on Apr 03, 2009 8:20am
500 Views
Post# 15893516

RE: Investor desperation

RE: Investor desperationM1...from what I have been reading, the Mt Klappan is a huge deposit of high quality coal.   The one major hurdle FT has to address is the TCC(Tahltan First Nation) because deposit sits in an area where the headwaters of three British Columbia rivers source including the Skeena.   The bottom line on a project like this, because of its location, is environmental  issues.......... and they are formidable as far as the TCC are concerned.    I wouldn't touch Fortune shares until they have a green light from TCC on their plans for a coal mine......my personal  views only, pg46    
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