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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 letternon Sep 20, 2017 10:53pm
90 Views
Post# 26723663

RE:RE:Agree with Company Contact

RE:RE:Agree with Company ContactAgreed Jim, the project is slowly but surely being de-risked. The last piece to the puzzle is financing. The road will get built, the economics get better end better (I'm sure we will have moe on this in another couple of months), cobalt demand and price point have more than likely exceeded the most optimistic outlook from a year ago...I'm comfortable holding at this point.

just my 2 cents, as always, DYODD

lettern
Bullboard Posts