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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 Marketbeaton Mar 12, 2021 5:12am
159 Views
Post# 32783192

RE:Time To Take A Seat

RE:Time To Take A Seat

Well said. The macro elements in the market are favourable. 


IMO ft has a lot going for it. In a perfect world, we see a refinery announcement (and partner for refinery)... depeneding on how that lands, we may need another equity raise for drilling AND/OR a final FS study. Then we get financed. Realistically there is enough value existing and confirmed to avoid more drilling and arguably even an updated FS study...but who knows!!

staying long 

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