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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
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

Fortune Minerals Ltd > calling all BAT people
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Comment by geolithon Mar 17, 2021 3:01pm
148 Views
Post# 32818219

RE:calling all BAT people

RE:calling all BAT peopleVirtually all operating mines continue exploration throughout their lifecycle.  The total reserve/resource is never known until it is all mined, and even then Detour Lake and Osisko Metals wouldn't exist if there ws something left behind after decades of mining.
Fortune did the right thing in proceding to Feasibility at the time.  In hindsite, if the best option has always been a take over, then by all means drill drill drill.
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