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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 FortuneJimon Feb 05, 2018 2:32pm
122 Views
Post# 27505573

RE:Cobalt over $40.00 by the end of the month

RE:Cobalt over $40.00 by the end of the monthI wish I did. Nothing here to report. The one thing I have learned is that in the mining world timelines tend to change and any guess at completion are just that, a guess. Lots of moving parts with production increases etc. My guess is that any potential partner has requested specific items be included and may cause delays. My best guess would be late Spring, early summer. JIM
Bullboard Posts