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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 patkaton Jan 06, 2021 3:52pm
182 Views
Post# 32235351

RE:RE:RE:RE:RE:Who has a Cobalt mine ready to go ?

RE:RE:RE:RE:RE:Who has a Cobalt mine ready to go ? Yes I agree with you that the project itself is undervalued. That was the frustration of buying shares 10 years ago and being very optimistic about the investment, and then watching the share price slowly sink because there was no real progress. It's too bad I didn't buy Telsa back then instead Lol.
Anyway, I'm keeping an eye on it now and I hope things start happening. I've always liked the idea of investing in my own back yard, but I'll wait a bit before making the plunge. Cheers.
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