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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
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Post by uudamannon Apr 14, 2021 7:12am
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Post# 32991047

POSCO the horse

POSCO the horsePOSCO was once among the largest FT shareholder and pumped millions into the development of the ARCTOS anthracite deposit. Now like every other shareholder, they have been diluted up the gazoo.

no one mentions ARCTOS anymore. FT still holds the option for another 4 years to repurchase the coal licenses for 18 million ( = their original cost in 2015). You can buy FT shares for 16 cents and get NICO/IOCG and ARCTOS.  FT market cap = 56 million CAD.
 
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Dealroom for high-potential pre-IPO opportunities