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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 May 23, 2018 10:36pm
95 Views
Post# 28073111

RE:RE:RE:RE:RE:Tired of waiting for nothing

RE:RE:RE:RE:RE:Tired of waiting for nothingHmmm.  You smack of someone I have blocked.  Could you be the Fool ?  

Let’s see.  We are waiting for a complete new BFS to increase production by 30 percent.   Yes that takes a year.   Not many firms out there doing this.  Cobalt is now trading steadily in the 40s.  
That alone has increased the value of the mine huge.   Reserves should increase greatly.  

Agree on the Silver mine.  A debacle.   Mount Klappan was tough.   First Nations wouldn’t give an inch.   Do your homework.  Posco did a deal with Fortune .  Brought to the table by Deloitte.  They no longer are in that business.   Sold the Klappan license but still has a put option if things change.   Do you think Posco didn’t do their DD ?   Met coal prices crashed.   What’s that big met coal producers name ?  They almost went belly up too.  Bad management or just the cycle of the materials ?  

PWC has done little to get a deal done.  They too will likely be out of that business. They suck at this . 

Sell your position and quit your belly aching. Someone will buy your shares if you actually own any. 

For those that have concerns about caribou and the road please note
the road is called the Tlicho all season road.  They need the road .  They and the NWT govt will approve this. 

Good luck Fool.  

Jim. 




Bullboard Posts