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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

Comment by redon Dec 07, 2020 8:22am
135 Views
Post# 32048144

RE:Refinery discussions?

RE:Refinery discussions?

With the Tlicho Kiewitt JV building the Tlicho road, I am finding it hard to believe that we ( or potential partners) will let the opportunity slip by given that amount of mobilization that is existing at the Tlicho Road site, and not engage that JV to build our spur road. Further that spur road could be the start of a ASR to Gametti which could also be an infrastructure project where costs are shared by Ft and governments of Canada and NWT along with potential other resource developments in the area. It is an opportunity and to which little or nothing has been said.....yet.

I think it's the next most significant discussion / event for the planning of the project and time is running short to capitalize on that. Any major investor or take over prospect has to be looking at this possiblilty. 

some recovery in Cobal prices, which is likely eminent, is probably enough to get this going. Ft is permitted and ready to go....as jim pointed out with over 100 million invested we should be 30 cents ...put a partner on the table and the sky is the limit ..? 

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