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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 Dec 01, 2010 8:56am
284 Views
Post# 17782058

RE: RE: Somebody knows something

RE: RE: Somebody knows somethingAgreed. Looked at our run from .80 to $1.00 a month back. That pullback preceeded our latest run.

My speculation is that someone has been buying and keeps letting a bit of air out the tire to keep it from running away.

All I know is that steady and sustained climbs up (with short pullbacks) on moderate volume without any news is about a good a signal as you can get.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities