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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 > Elitespooner The thing about Jim
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Comment by Lottenon Feb 11, 2021 4:26am
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Post# 32534713

RE:RE:RE:RE:RE:RE:RE:Elitespooner The thing about Jim

RE:RE:RE:RE:RE:RE:RE:Elitespooner The thing about JimFrom the Ottawa Sun:

"Fortune has already completed a positive Feasibility Study for the NICO development in 2014, prepared by Micon International Limited. The economics for the NICO development will be re-assessed when the refinery site has been finalized and after the Company completes the optimizations underway to produce a more financially robust project to mitigate metal price volatility."
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