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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
Comment by The_Guruon Jul 02, 2015 1:28pm
107 Views
Post# 23886909

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

RE:RE:RE:RE:RE:RE:Halted - Pending newsA micro basis????  What are you talking about?  I am not talking about them halting a stock to say the CEO successfully tied his tie and shoes this morning.  If Lascaux does not give them a couple of million more to fund the rest of the construction needed to get the mine into production, than Fortune has to get that money from somewhere and fast.

They do not have money to get the mine into production and not having Lascaux give them anymore is certainly the opposite of a micro crisis.  I hope Fortune gets the funds needed, but you need to take a hard look at the facts here.  At best, this is 50-50 whether Fortune is still in business within a couple of months if Lascaux stops funding them.
Bullboard Posts