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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 uudamannon Jan 30, 2021 9:11am
184 Views
Post# 32427764

straight up BS

straight up BSThe Olympic dam type IOCG deposit. Hints here and there suggest a huge IOCG type deposit might be lurking at NICO similar to the enormous Australian deposit. Either this is wishful thinking and deliberate misdirection or it is valid. If the latter, one has to ask when this was known and why has it been witheld from adequate disclosure. There are perhaps larger strategic issued involved tying FT management's hands. That would be understandable BUT should have prohibited recent insider buying. The latter event makes me think the IOCG Olympic Dam is much less than projected. Perhaps I will be proven wrong.

The IOCG anomaly certainly should have been explored years ago and delineated. Which brings us back to the utterly inexplicable face plant FT's management performed in Colorado in 2014. The IOCG anomaly was suspect as a possibility well before 2014 based on other 3rd party assessments.
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