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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 06, 2009 12:58pm
355 Views
Post# 16461634

sweetalking

sweetalkingon updating the reserves was the set up for up to a 40% dilution or whatever it is huh? Why didn't they put out the reserve update before they did the financing. They've had months and months to get their act together. Well at least management and insiders screwed themselves. I'm surprised goad was not jettisoned in this same announcement... Myabe after it is completed huh? Get him out of there he is in over his head...
Bullboard Posts