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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 09, 2020 3:37pm
116 Views
Post# 32069874

RE:RE:Cobalt in medical industry

RE:RE:Cobalt in medical industry

Do you actually think that the rebel groups in the DRC who are black market fed with drugs and other illicit substances ( including that nice name of artisanal cobalt mining ) and activities could give a S--t about the counties revenues from cobalt and other mining ?? I am sure the governments of Lybia and Syria thought the same before thier face was cut off. The DRC has the same potential..... it's a huge problem and is the way that they get attention from the world by upsetting it. 

Cobalt may not be moving today but we don't know what tommorow brings in this volatile and very fluid situation, it's a bit worse that running out of toilet paper in NA and we know what that did overnight as the shelves emptied. 

Ft has been investing in this project as permits and being shovel ready does not come cheap. Not to mention recent geo surveys to potentially expand the resource and untold quantities could exist and enhance an already substantial deposit. 


 

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