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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 > World No 2
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Comment by Yellowknifer69on Apr 12, 2021 9:15am
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Post# 32976346

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:World No 2

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:World No 2Hello and good morning FT Longs:

We should probably brace ourselves for news of the Private Placement type as well.  With only $1 miilion bucks in cash reserves at the end of 2020, we have to be close to a point where we need an injection of equity.

I keep thinking about all of the Directors topping up on their shares and remain optimistic that news of a different type is coming down the pipeline.

Stay safe folks, Grim numbers on the Covid side of things out there.

Yellowknifer


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