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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 cwDeicion Feb 03, 2018 8:40am
196 Views
Post# 27495849

RE:RE:RE:RE:RE:RE:RE:RE:RE:Results needed

RE:RE:RE:RE:RE:RE:RE:RE:RE:Results needed
They go up and down like everything else, but it's overall been a massive growth story the last few years. But more to the point, junior miners do not decide government road policy. There's no way to accelerate that beyond the lobbying they are already doing, and there's been some fending off of claims that the Whati all-season road is being built for FT, which is of course untrue. Also, some caribou herders were whining about some aspects of the road, not opposing it. Fortune Minerals is doing what it can, working at the site, looking for financing, and lobbying. It is not a mega-corporation able to push states around, nor is the sovereign nation of Canada and its NWT so easily moved by a 100m MC company. The road will happen, by the will of the people as carried out by the laws of the land.
Bullboard Posts