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.

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Fortune Minerals Ltd

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Comment by tresspaseron Feb 22, 2017 2:44pm

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Post# 25878702

RE:RE:RE:RE:13% drop

Now that I think about it, I agree Jim. There more you have to write-off, the more future profit you have in the future when you do carry over the losses. The Accounting change increased how the calculated loss, allowing them to write-off more in the future. At least that is what my non-CPA mind is telling me ;^)

Good catch.

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