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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 redon Mar 10, 2021 8:19am
198 Views
Post# 32760891

RE:RE:RE:Re: Fortune is in year 23

RE:RE:RE:Re: Fortune is in year 23I think the 4-5 billion in proven resources at FT speaks for its self and is about the range needed for majors to stop and take closer look. The unknown part of which you speak is future potential for the miner / partner who jumps in...no doubt in my mind that who ever that is will want the processing question answered.

FT has the resource and infrastructure to go now, the industry disconnect is writing on the wall that will come to a head......I am sticking with my Big Bang theory ( which is a wish list lol) and Robins 23 year tenure comes to an end but this resource will not stay in the ground.
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