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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 27, 2018 3:13pm
213 Views
Post# 28086260

RE:RE:RE:Concentrate Bags

RE:RE:RE:Concentrate BagsI would agree.  Delays and more delays seem to the theme with FT.  

It is time to make a deal and move this project forward.  I personally prefer the company be sold.  I’d gladly take shares in one of the large miners. 

I have made my dissatisfaction with the constant delays known to management.  

They need to provide investors with share price appreciation.  The only way they do that is to put the project up for sale.  All of the leg work has been done.  A major mining company would love to have this asset and any future opportunities in the NWT.  The first major there will be the winner.  

I do not see Fortune building a mine .   

Good luck all.   

Jim. 
Bullboard Posts