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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 Marketbeaton Jan 06, 2021 5:35am
212 Views
Post# 32230913

Senate is looking to be blue. Or should I say green?

Senate is looking to be blue. Or should I say green?

You can't make this stuff up- early polling was showing red... now blue.... Let's go Biden. 

 

I think this forum needs to take a beat for a minute. We are a junior miner. That's easily the hardest position to be in when your in a bare market for mining. The fact that ft has sustained means there is something to be said of the Nico project.

 

we are all quick to forget that ft was legitimately at the 1 yard line many years back with proposed finiciang but that got squashed.... if you don't know then look it up- it's public knowledge. I'm not one for defending Goad et all, because they have made mistakes. BUT, they have managed to move forward a project that has over 5 billion in assets in the ground ++. 

 

you mentioned the agreement with the First Nations. Well... that can happen at any time, but what's the value in discussing how much money will be allocated to the fn people when the project currently makes 0... that doesn't make sense. Ft can't discuss the value they will pay out when they have nothing to pay out. Big picture now- if they get a strategic partner, and they end up reducing fts ownership to 50% and ft negotiates would change dramatically with the fn people... 

 

all my opinion of course. I've make my decision and I am sticking by it. It's not fun being in our shoes, but the opportunity on the horizon makes it a little more bareable. 

 

Everyone needs to stop blaming goad et all for the share price for a minute. If you don’t like the way they’ve conducted business then GTFO. 

 

The level of irrationality is unfathomable. I didn’t know that there was an expectation that ever jr miner would make it into production. If that were the case then everyone invested in jrs would be rich... only if life were that easy. 

 

The merits of Nico speaks for itself. I believe more in the project. I’m indifferent about goad et all, but depending on the guidance in the next few months I will either cut my losses of stay in even longer. My decision was made, by myself, based off my independent research. 

 

Good luck all longs. 

 

A sincere **** off to everyone who is bashing because they are letting their emotions get the best of them and now looking to “blame” a company because they decided to invest in it... I didn’t know that goad et all made personal calls telling people to invest and guaranteeing returns...what a joke. Wake up people.

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