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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

Post by Phil001on Dec 06, 2020 2:29pm
228 Views
Post# 32046336

Refinery discussions?

Refinery discussions?Good day. As previously indicated, I'm a long time FT shareholder. I have question for next step. As the all season road is ahead of schedule, are there any updates related to the actual 53km road from whati to NICO site? Have they started to build that yet? If no. How long is that away? Secondly, correct me if I'm wrong. But Is there any FT profitability without having a refinery in place? Either to mine our gold or Cobalt or bismuth? I used to live in hay River, and know that whati to enterprise is roughly 450- 500km one direction. Would this be encumbant on whoever mines our site or would ft have to have this in place ahead of time? Been shareholder since 2016, so very excited to see progress.. thoughts anyone? And thx for continuing to post. This is my only info that get from FT
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