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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 28, 2020 7:07pm
148 Views
Post# 31334083

RE:RE:RE:RE:RE:RE:To my point ...get creative

RE:RE:RE:RE:RE:RE:To my point ...get creative
It's pretty apparent that management are nothing more than con men who have found a way to run a legal scam. They say just enough to make it sound real and file all the necessary paper work to stay on the right side of Canadian securities law, but they don't actually have any true intent on building a mine or generating any revenue for the company. It's all just subterfuge so they can keep their huge salaries for years on end. How else can it be explained that the founder and CEO only owns approx. 1% of the company? It's really quite a brilliant and sad situation all at once. In today's age to operate such a brazen hustle does take a certain level of resourcefulness. It just kills me that instead of honouring their fiduciary responsibilities and working towards building something amazing for everyone, they've instead chosen to scratch out such a small amount for themselves.
Bullboard Posts