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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 focsleon Jun 08, 2016 4:40pm
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Post# 24948083

RE:Fortune Minerals vs Formation Metals as an investment

RE:Fortune Minerals vs Formation Metals as an investment
Why not own both? I do. They both have upside, so can't really argue one against the other. FCO had a successfulyl approved  BFS in 2007, now it is being redone to reflect the new business model. They have drilled 1 of 20 potential sites on the property for the original BFS. FCO just may have more in the ground. Xstrata did very well with the old Blackbird mine next door. There is copper, gold and REEs as well.

FT, they have GIANT deposit, world class. Why wouldn't you own some?

IMHO, FCO will come on line first. Earlier payday.
 
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Dealroom for high-potential pre-IPO opportunities