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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 u4eahon Mar 05, 2021 9:28am
170 Views
Post# 32726623

RE:Dog & pony show

RE:Dog & pony show-Duke re,  "Its like watching the same old movie over and over again.To be honest I think its time to just sell the company and Idont mean a fire sale but a fair sale" ...couldn't agree more ! 
-Great assets;  (NICO; and let's not forget Sue-Dianne), yet  Mgmt team has failed to  generate any type of market traction! ..in fact it's been more of a slow moving train wreck (like the "Lascaux-Fiasco) ...
-For shareholders it feels like a lost decade; ...for Mr Goad it's been quite comfortable, sitting on his Azz and collecting ~ 300 Gs per annum!
-Also I have to wonder if "Procons ~ 19.43%  ownership of FT (read China CAMC) is throwing sand into the gears here?
-Time for an activist shareholder to shake-up this lazy mgmt team, and or and outright sale to some entity capable of moving this company forward!

-As they say in NFLD > "Fish or Cut Bait" !
-


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