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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 Yellowknifer69on Mar 17, 2021 10:27am
171 Views
Post# 32815822

RE:agreed. TIMING IS EVERYTHING.

RE:agreed. TIMING IS EVERYTHING.Hello and good morning Longs:

You know Uudaman - I might not agree with everything you say, but I will one hundred percent support your statement.

Normally when one discovers a claim, they drill it out, define the boundaries, and then sell the SHYT out of it to perspective backers.  FT did not do this?  Why?  Who knows.

But the clear message for me is twofold;
1.  Yes, we have interest from one or two majors but,
2. The project is too small in its current iteration to make a mine feasible

So you need to expand your drill zone and see if anything else is there before we get involved?  So sad to say it but 23 years later and you still have to define the ore body??? WTF

Stay long folks nowhere else to go,

Yellowknifer
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