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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 Nyno122on May 26, 2018 12:40pm
76 Views
Post# 28084469

RE:RE:RE:RE:Concentrate Bags

RE:RE:RE:RE:Concentrate BagsI believe there were older posts referring to the original proposed timeline for the feasibility study, prior to the decision to increase production and change the method for refinement. After those decisions were made, the timeline was pushed back. If memory serves, it was pushed further back due to "lab congestion" to test refinement methods. 

As far as I am aware, FT has consistently stated that the FS will be released at the end of the second quarter 2018, so sometime in June. I have not read otherwise, except in conjecture from certain people on this board. 

Let's hope that they are able to deliver on this timeline, as FT's (and Micon's) track record is not stellar on meeting deadlines. 
Bullboard Posts