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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
Comment by MoneyFistson Jun 19, 2017 11:31am
90 Views
Post# 26377994

RE:RE:RE:Pathetic

RE:RE:RE:PatheticAll sold out of this, thankfully. Took a 3 grand loss, but looking to make it up elsewhere. At least the money can do something, rather than waiting on a hope and a prayer. Seriously, FT has so many obstacles in front of it with zero short-term play that smart money is better elsewhere. I hope that an investor steps up and makes this project happen, but I find the only case where that will happen is if the EV market goes nuts and the technology doesn't change at all. Unlikely on both counts. 
Bullboard Posts