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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 18, 2021 9:10am
135 Views
Post# 32824544

RE:RE:How many years now have we been shovel ready?

RE:RE:How many years now have we been shovel ready?

Cant argue current demand issues....uncharted water for us and the cobalt / battery / electrification world. It's unfolding exponentially, we have never been in such good space in FTs or any other cobalt in existence. That's fact.

shovel ready ? It's not news we are virtually there and have the ability to walk and chew gum at same time to make this unfold.

finalised mine plan, spur road construction and processing facility plan ( or modification ) are all things that can and will advance at the same time and not that difficult to if you have access the the 7-800 million...... this will unfold Very quickly in terms of development.

with some definitive plans and road in place, your building on site first and have the ability to stock pile there while processing facility is developed. If you got the money honey Kiewitt or the likes  could should you how to spend it in two years without batting an eye and will kiss you on the way out. Just put the money on the table, that's it this unfolds very quickly.

Toboot your 3800 meter drill program that's going to cost 800 - 1 million ( 250 k of with the government will likly give you) can be happening at same time.

putting this together is not rocket science, find the money and it happens very quickly. 

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