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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 geolithon Feb 08, 2021 2:39pm
120 Views
Post# 32503179

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:More insider trading

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:More insider trading The problem is that NI 43-101 will not allow a company to talk about certain things wthout it being in a prescribed form.  Not a big deal, but if we're talking changes in financial information, then you need a current Feasibility Study to do that.  It's not just dusting off the old one and changing a few numbers, which is what they can do internally.  And it really helps guide a company, it's just they can't tell anyone what the numbers are.  This information, while material, is prohibited disclosure.  Sucks, but the cost to do a full feasibility, which is the only kind professionals will do, is close to $1 million for this type of project.

So, we must accept the good and the bad of NI 43-101, and learn how toget information from management by asking the right questions, and they will have to be a bit circumspect in their answers.
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