Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 uudamannon Aug 28, 2020 7:28pm
133 Views
Post# 31474113

RE:RE:Lascaux

RE:RE:LascauxRemember this? Romaniuk said they only needed 5-6 million to bring the mine to production. Very simple task and straight forward. No brainer. Everything in place and hunky dory. Have it up and running in no time! How many FT shareholders fell for this? And got their clocks cleaned?  Lots of other experts and consultants were called in and concurred. More suckers taken to the cleaners. Listen to the first 30 minutes. And ask: Why would anybody gamble 60 million USD and a secure this worthless pit with the reckless pledge of NICO and Arctos as loan collateral. Purchase a mine without proof of production and a commissioned mill. A 140 yr old silver mine that today, after two interim owners since July 2015, still does not operate and remains 30 million short of operating status. A mine that never operated since 1900 or there abouts. FT could still wiggle out of the deal before final closing OCT 1, 2014. They had to know the Yellow Rose vein was a crock. Otherwise there would have been revenues. Did Procon and BOD fall for this? How about Lascaux? Lascaux is still out $70 million USD. Did Goad say there was production with Star Mines and an operating mill. Did I hear that correctly?

 

https://www.fortuneminerals.com/files/doc_downloads/FortuneMineralsMay12th2014.mp3

Bullboard Posts