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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 tresspaseron Jan 16, 2017 5:29pm
163 Views
Post# 25714787

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Video of the road on the Tlicho website !

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Video of the road on the Tlicho website !
One more final thing...

The reasons Mines are different when calculating selling price, is after the life of the mine, its gone. So the financing folks need to take mine life into the equation. FT has a very long mine live (22 years), but a smaller IRR (15%). Below is a graph that a buyer might want to use that compares longterm returns on investment taking into consideration minelife and IRR.

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Bullboard Posts
Dealroom for high-potential pre-IPO opportunities