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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 ez33on Nov 03, 2009 5:58pm
350 Views
Post# 16449598

jim jim jim

jim jim jimThe gold grade at nico is not high enough to be a gamebreaker unless gold prices advance significantly. With dilution aside $6 in gross revenue per tonne for  a $100 increase in the price of gold amounts to diddly squat. I liked you better when you spread that chinese rumor ..well at least the stock price rocketed the next day ..... I'm surprised you were not in jail over that one... next...
Bullboard Posts