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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 Unfortunateon Jul 31, 2019 7:49pm
121 Views
Post# 29981848

RE:RE:RE:RE:T MINUS ONE ON FS

RE:RE:RE:RE:T MINUS ONE ON FS
They've never followed through to completion on anything at all. Arctos, Sue-Dianne, Revenue Silver, NICO. How many times has the feasibility study been sent for updates now? How many convenient discoveries have been found that "require" another update?

Goad's salary before stock options is $325,000 a year or $6,250 a week. Did he honestly earn this last year, or the year before, or any year for that matter?

Serious question: Why is he so arduously defended here? What has he done for any of us that has brought true durable value to the shareholders? He's been CEO for decades! Well past an acceptable grace period of doubt.

We're a company with Billions of assets in the ground and yet have a market cap of under $40 million. This company is just full of "always something, not my fault" and it's driving us to dilution beyond belief and soon enough insolvency
Bullboard Posts