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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 Unlurkeron Sep 01, 2020 2:44pm
221 Views
Post# 31487824

What does "NICO" stand for?

What does "NICO" stand for? I'm a long time lurker and long on FT so I just want to say hello to everyone including all the regulars that keep up the conversation here. Without this there's no telling what's going on with this bunch. I don't know jack about mining other than what I've learned from "Gold Rush" but I bought into FT a good while ago, mostly because of the assets. 

Anyway, I'll probably ask a few questions here, so here's my first.. and it might seem like a really dumb one!

What does "NICO" stand for? I've always thought that this came from NIckel CObalt. Am I right or wrong about that? They never mention any nickel but does this deposit contain some? It seems to be the hot metal in the news lately. 
Bullboard Posts