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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 ez33on Jun 30, 2009 2:09pm
190 Views
Post# 16109067

RE: fresh Ridley article....

RE: fresh Ridley article....There is nothing worse then a bandit holding a monopoly on a shipping transportation route... I suspect the coal miners association in conjunction with the CNR would rather be controlling the Ridley gateway. There is a large amount of infrastructure funds that might be tapped to benefit the ridley terminal and its hinterlands as well. This fight is about which friends of the government gt the lolly...

 If you haven't noticed the American market for exports is down considerably. China is one of the few viable export destinations left....  
Bullboard Posts