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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
Bullboard Posts
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(25)
•••
Post by Marketbeaton Aug 18, 2020 7:23am
232 Views
Post# 31421512

Undervalued

Undervalued

With their 2014 FS, they were profitable. IRR of 15.1%. Cobalt prices at 16 (currently at 15/lb) and gold at 1500 (currently 2k~). With new geophysical work being done at peanut lake, they will likely find more gold... this project is way undervalued. I hate the wait, but I'm still bullish. LETS GO FT, there is no time like the present!!

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities