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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 George108on Feb 13, 2017 6:24pm
285 Views
Post# 25839844

Future

FutureI take it this is based on gold, bismuth and cobalt. Is coal on the back burner for good or has the "Donald" brought out renewed interest in coal? There are lots of shares outstanding, with the majority tightly held which is evident by the quick climb on so few shares. Is there much opposition to the Saskatchewan plant? I would hope they can see the benefits, just as the Tlicho have. Having a mine on their land with their grandsons and granddaughters working so close to home will have the Tlicho people's having a big Celebration Feast. Hang on everyone.
Bullboard Posts