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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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
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Comment by The_Guruon Jul 02, 2015 12:50pm
110 Views
Post# 23886769

RE:RE:RE:RE:Halted - Pending news

RE:RE:RE:RE:Halted - Pending newsYou do not think it would be a reason to halt the stock pending news if your financial backers are no longer supporting you.  They hold all of the Fortune's assets as collateral on the loans, and if they no longer are funding Fortune to get to production than Fortune is in a lot of trouble.  Seems pretty serious to me.  Of course, I am not saying that is the case but it certainly is possible.
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Dealroom for high-potential pre-IPO opportunities