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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 24, 2021 8:31am
220 Views
Post# 32370337

RE:RE:Refinery

RE:RE:RefineryYou hit the nail on the head. The sooner FT shows a legitimate plan of action that includes processing, FT Changes gears and dynamics and I don't think we will have to wait until spring and could be any day, we have waited long enough on processing site news and we know they have been working on it. Predicticted ramped up cobalt market interest obviously adds to our potential, but at the moment we are missing a wheel and to me, that is a quick and long awaited fix.
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