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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 Thresholdon Jan 13, 2011 4:27am
276 Views
Post# 17964228

Split no imo not good for shareholders

Split no imo not good for shareholdersif they split this off, current shareholders will get a fraction of what they currently own 100%.of.

do the initial deal first, and then maybe split off the remaining project, if the new buyers can pay to exercise that as a preference.. i'd rather keep them both. regardless, keeping them both gives us more leverage imo.

we have two great projects. it is more attractive that way imo.  we are still in the early stage of the globes 2nd industrial revolution.

the stock is up. fundamentals are on our side. why bow now? patience grasshoppers. LOL.
Bullboard Posts