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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 DRYOASISon May 15, 2018 5:48am
104 Views
Post# 28030797

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Today’s Fortune Cobalt News

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Today’s Fortune Cobalt News Cobalt concentrates sell at a pretty good price nowadays, isint what ECS are planing to do, sell concentrates ?.. but the point I was trying to make is Sherritt already has a processing plant which they recently modernized with increased capacity, so NICO would be a great addition to their portfolio , all the exploration has been done, no need to drill, engineering is done, all they need to do is build a mine. Fort Saskatchewan is actually closer than Saskatoon so the location is perfect. Sherriitt already ships concentrates from Cuba to Fort Saskatchewan so, shipping from Whati is not a big deal once the road is built. That makes Fortune a perfect buyout target. 
Bullboard Posts