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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 Unfortunateon Mar 01, 2021 12:33pm
144 Views
Post# 32686022

RE:RE:RE:RE:RE:RE:late spring

RE:RE:RE:RE:RE:RE:late spring
This company has been in existence for decades with no great new insight into the underlying assets at NICO for quite some time. How much more proof do you need that the supposed 42 NDA's are nothing more than a carefully manufactured half-truth perpetuated by management to convince people they're doing something to advance the project.

They don't have any serious potential parteners they're talking to, they don't have any serious plans for the development of NICO, they don't have any serious plans for getting this company to a state of production that would realize the proper value of its underlying assets.

They sure do like to talk about a refinery, which is a simple act of fantasy to hide the fact they have nothing else going on. A refinery is so far down the list of priorities of what will give value to the company that it's reckless, if not outright negligent.

Why would they need to particiapte at the PDAC convention? Who out there is unaware of us and our assets? This is just another smoke and mirror show to try and convince people that there doing something for the shareholders.

The most honest action they could take is rename the company to Goad's Piggbank. At least he won't have to pretend to be a CEO anymore
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