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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 BillArgento1on Jun 20, 2018 12:25am
159 Views
Post# 28196537

RE:Fortune AGM

RE:Fortune AGMThanks much Y.69.  At first blush it still sounds pretty promising to me.  Good to hear about the refining possibilities.  About Tlicho, I have to think they can reach an agreement, especially given that the rewards could be so lucrative for Tlicho.  And about the updated FS study, I think I can understand and forgive an approximately 8-week delay, given the recent changes they announced, and how that could affect the project, financing and hopefully revenue and earnings.  

I assume you were there for the meeting?  I for one would like it if you'd be willing to give any more details about the meeting, on anything, even on how you found management--if they seemed confident and willing to address issues in detail when they could--and on shareholders, what their attitude was and what some may've said.

Finally, I agree with what you say about a world class deposit!  I'm still holding and wouldn't mind buying more, but I have to decide if that's the thing to do.
Bullboard Posts