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.

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Fortune Minerals Ltd

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Comment by Potash1968on Mar 06, 2018 8:30am

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Post# 27666312

RE:RE:RE:RE:RE:RE:Fortune Minerals Limited President & CEO | PDAC 2018

Hey Jim,
I don't often dissagree with you but don't you think the trade off between scale and dilution is too high. If we build the refinery we could lose up to 50% of NICO to a JV partner because we now need to raise $700,000 to $800,000 millio, and the equity portion has to come from somewhere. Now that is ultimate dilution.
We share holders want share holder value not scale, so why not build less, raise less and keep more for ourselves?

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