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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
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

Fortune Minerals Ltd
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Comment by Marketbeaton Aug 14, 2020 11:58am
174 Views
Post# 31408896

RE:FT ~ not a buy

RE:FT ~ not a buy

The article is painting a different picture of Ft. it's not a gold mine but a cobalt mine. 


33m vs 1.1 m...Now if by some miracle they fine more and it's enough to be a potential player, then great. But with 1 million oz of gold in relation to the the rest of the resources doesn't make sense to me to classify it as a gold mine...IMO.

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Dealroom for high-potential pre-IPO opportunities