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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
Bullboard Posts
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(54)
•••
Comment by gwalkeron Nov 04, 2010 9:17am
263 Views
Post# 17655951

RE: Full News Release ----WOW

RE: Full News Release ----WOWWow indeed.

I can't see a single red flag here. (unless i am missing something)
- viable and workable plan to fix the transportation issue.
- workable electricity plan with the poential to get it connected onto the grid.
- enough coal to justify starting up.
- Coal quality in great demand.
- Robust IIR

Now, finding deep pockets is a big challenge in this market but not impossible and I certainly like the sound of this part: Fortune is pleased with the progress of discussions to date with Tier-1strategic investors and expects this announcement to provide positivemomentum to the process.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities