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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
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

Fortune Minerals Ltd
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Comment by cwDeicion Feb 04, 2018 3:10pm
159 Views
Post# 27499787

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Results needed
Tilted wrote:
I wouldn''t say the road is the main obstacle. The road is virtually approved. The big obstacle is the financing, and the financing depends on the revised EA. The critical timeline is the EA...which is again delayed. I worry they don't recognize the importance of critical timelines. They overshoot their timeline estimate by a factor of 2 in everything critical they do, which means the mine won't be operating in the near future. Thinking mid 2020s.


I wasn't aware of that so thanks for informing me. We should urge them to focus more on financing. It may not be as close a catalyst as inviting tenders for the road, but it is more of a risk as you say.
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