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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
Post by uudamannon Aug 27, 2020 9:29am
216 Views
Post# 31459637

Whati NWT

Whati NWT411 million $$  is being expended to bring on all season road to a remote community of 500 people who are engaged primarily in hunting and trapping with a bit of seasonal tourism. There has been a functional local airstrip at Whati and a winter road good for 8-9 months of the year. Whati has managed to remain alcohol free because access has been limited and could be controlled. This might change with an all season road and access to the bright lights of Yellowknife.

The NICO mine and property were developed without an all season road 20 years ago. Workers were able to get back and forth from their communities, local and distant. Ditto for the heavy equipment.

Why the road? 400 million is a lot of money. It might bring more problems than good. There is no heavy industry in Whati.





Bullboard Posts