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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 Jan 12, 2021 8:35am
184 Views
Post# 32274264

RE:RE:RE:fast takes time

RE:RE:RE:fast takes time

I think the next news that's important to come out is and has to be related to at least one critical component and is one thing that is most important to the operation and big picture and that is where do we process? ...there has been little discussion of this since the rejection of the sask site in Langford other than they are or have been looking and when that info is released will show a plan and direction of the mined products.from the site.

I do not doubt that the geo survey will be positive on both gold and cobalt, increasing "potential" reserves and will only be known with more drilling which means delay.keepin* in mind we already have a substantial and viable deposit. More is always good. 

howver the processing, after all the other milestones achieved over last five years which has been painful but important, is a big variable and likely set us to a new normal and could like FCC, be in the 30-40 cents range but who knows could be 15 or 20 too .....just my opinion on that. 

After that new plateau, and  with a full plan and some direction in place, along with added potential on site with the geo results, opens up the possibility of someone jumping in knowing that the leg work and plan are in place to complete the plan. Selling a good car with three wheels is a problem.....put the wheel and you can go places.

when that time comes, try to avoid selling yourself short, there is lots of potential left after that. And I think that time of reckoning is coming and is at our door step. 
 

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