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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 Oct 04, 2019 9:29am
172 Views
Post# 30195950

RE:RE:RE:RE:RE:Goad's Lying Enabled By Jim (Troy)

RE:RE:RE:RE:RE:Goad's Lying Enabled By Jim (Troy)
Yeah there have been numerous press releases over the years where they pick a time when the mine should start producing. That's not an embellishment, by their own statements the mine should have been putting out a decade ago. I'll look it up later when I have time. Our only real remaining hope I would say is a takeover by a gold company. Battery researchers are working extreme overtime to find ways to reduce or remove cobalt from battery composition. There have been two big run ups in cobalt prices over the past few years and the tangible results for us have been absolutely nothing
Bullboard Posts