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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
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

Fortune Minerals Ltd > Patience patience patience =$$$$$$$$$$$$$$$$$
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Comment by Yellowknifer69on Feb 03, 2021 10:11am
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Post# 32457408

RE:Patience patience patience =$$$$$$$$$$$$$$$$$

RE:Patience patience patience =$$$$$$$$$$$$$$$$$ Hello and good morning Longs:

Not sure I can completely agree with your statement Duke.  I have been around for the last 8 years and I can't seem to recall many ups?  SP has largely remained stagnant for the biggest chunk of time.  I think in 2017 we peaked out at $.38 cents a share.

In any case if it takes a new mine an average of 20 years to begin production, by my math Fortune is now 23 years into this project and still no shovel in the ground.  Timing is ripe for this ship to sail and I will remain cautiously optimistic that good things are brewing behind the scenes.

Staying long on Fortune,

Yellowknifer
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