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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 Feb 22, 2016 12:29pm
254 Views
Post# 24581987

RE:Buy and don't Sell

RE:Buy and don't Sell
This is pretty much pure speculative poppycock.  Yes volumes have been surprising, hard to explain why but where there is smoke there is fire.  That being said, it is still at $0.03 so cannot get excited over the movement from 2 to 3 yet.

Yes, huge asset but only if it gets developed.  Not undervalued if it never gets developed.  As for the juridiction and the right political party.  HA HA!  good one.  If there is anymore left after the Lieberals have virtually bankrupted the nation, I doubt it will be used in an area where there is one liberal government seat.  The environmental wing (fascists) of the Lieberal Party will not be that interested in developing a mine in the NWT.  Perhaps stick a windmill or something on it and it will get done.  As for investing in Canadian people and resources, give me a break.  Those idiots have been in power just over 100 days and they have created zero jobs, brought in thousands of muslims, and are in the midst of bankrupting the country.  Good job.
 
Bullboard Posts