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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 Potash1968on Oct 21, 2017 11:02am
234 Views
Post# 26840483

Delay

DelayI understand the intention to increase the production level to the point of being attractive for a Strategic Investor. Makes sense and I get it........just communicate and stop stringing us along with delay after delay.
I would even speculate that as a result of high level discussions with interested parties they were compelled to increase the production levels on this FS so as to justify the investment dollars that are being contemplated.
Yes I am confident that one or more of these parties are serious about investing in the financing of NICO.
The NPV sensitivity to the Cobalt Price is huge so this new FS could be huge!!!!
Bullboard Posts