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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 Grimcanuckon Jan 08, 2018 11:21pm
437 Views
Post# 27310475

Don't wait too long...

Don't wait too long...If you are on the sidelines waiting for the perfect entry then you may want to rethink things. This is a long play and will be priced in with big ups and long consolidations. This stock is under heavy accumulation so if I were you buy your shares and hold on for dear life. The facts are that the Government of Canada wants the mine.They will use the Whati Road to make it look like they all of a sudden care for indigenous peoples. Thats a whole other can of worms there. The thing we need to realize though is that both sides need something and the NICO mine can provide it. If you think this is being held down by some trader trying to make a couple pennies you are wrong. This is a opportunity of a lifetime and politics and the needs of a people depend on this project. I once thought no road, no mine, but now realize the deal was no mine, no road.
Bullboard Posts