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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 Lottenon Feb 02, 2021 8:19am
132 Views
Post# 32444975

RE:RE:Volume 2

RE:RE:Volume 2Nice to see the share at 0.14 again, and it feels good to think that this is just the beginning. I think the share still has momentum to climb higher due to the rise in cobalt price and expectations about a kick off or other good news. It`s hard to tell, but I won`t be surprised if we can see 0.30 very soon.(perhaps a bit optimistic ?) The share is pretty undervalued still, and it will be hard to stop now as it has left the station. And with positive news sooner or later we will rise high above a dollar. No doubt in my mind about that. So there is no reason even to think about selling at theese levels. My opinion off course. Have a nice day! :-)
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