Fidelity Minerals Corp V.FMN

Alternate Symbol(s): SAIDF

Fidelity Minerals Corp. is a Canada-based company is engaged in assembling a portfolio of near-term development and large-scale appraisal projects to underpin the development of a resource company. Its projects include Greater Las Huaquillas (GLH), Las Brujas, Porphyritic Copper, and Cerro El Bronce. GLH project consists of nine concessions for approximately 3,600 hectares (Ha) of which the Company has acquired a 50% interest, and nine concessions for approximately 3,800 Ha of contiguous mineral title, of which the Company has acquired a 100% interest. The Las Brujas project is gold project located within the Yanacocha External Caldera region. It consists of four concessions 100% held by the Company located in the Cajamarca province of Peru. The Porphyritic Copper Project comprises three contiguous concessions 100% held by the Company located in La Libertad, Northern Peru. The Cerro El Bronce project consists of two concessions 100% held by it located in the Ancash province of Peru.

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Fidelity Minerals Corp > wonder boys

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Comment by goldenone1on Oct 20, 2019 11:44pm

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Post# 30249881

RE:RE:RE:RE:RE:RE:RE:RE:RE:wonder boys

Looking at M D & A on Sedar they write --"Failure to raise the necessary funds in a timely fashion will limit the Company’s growth. It is the intention of the company to invest in cash-flowing assets, to migrate the business into a situation where the need to raise capital on the markets for continued operation is reduced over time."

Well, they dumped the mill - and asset that was supposed to produce cash flow, and they bought property an asset that typically doesn't produce cash flow.

I'll see if I can get them on the phone - and post what they have to say.

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Golden Minerals closes Yoquivo gold-silver project sale