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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 FortuneJimon Mar 29, 2018 8:36am
132 Views
Post# 27801041

RE:RE:RE:wonder where Fortune minerals will get all the money for the

RE:RE:RE:wonder where Fortune minerals will get all the money for theTo be fair we really  need to see the updated feasibility study.   My best guess based on the old study would be a share price in the $3 range and possibly higher.  

Remember that Fortune also has the Sue Dianne copper project that also becomes practical when a road is there.   That too adds value.    

Free cash flow should be greatly increased with the planned increase in cobalt production.   

The structure of the financing will have a great affect on the potential share price.   They need to get this right.   

Jim
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities