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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 goober2019on May 23, 2016 12:56pm
172 Views
Post# 24897594

Timeline

TimelineTesla expects a 2020 full ramp up, so FT has until 2019 (2.5yrs) to get the mine and Saskatoon Built and Running, and 1yr to ramp up our production for the anticipated Major tipping point in the car/storage Battery Industry,,,, were cutting it close!    And from the article i just read on RYs post, unless Tesla makes a Direct Deal with Fortune soon, enabling FT to get Financing!  ,,,with the lack of colbalt production world wide there will be other Customers that need the Colbalt JUST AS BAD as tesla who will make a Deal with us!    So im wondering Why? hasnt Tesla made serious efforts to secure one of the stregically situated sources of Cobalt  in North America like the Nico Project?    They Stated early that they wanted a Enviro friendly source!   thats us!   i know teslas name has been used in press releases but im talking a,,, Offtake agreement,,,   cheers!  FT
Bullboard Posts