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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 Apr 16, 2021 8:25am
107 Views
Post# 33009569

RE:Infrastructure project in Nwt

RE:Infrastructure project in NwtYes it all has to be paid for and we know that the 530 people of WhaTi can't pay for it but mining in the area can. Resources in the ground and soon to start mining in the area, will pay for it. All levels of government will have had to look at the future revenue from mining royalties and are banking on it.

while we don't know what FT is doing at the moment, it's my hope that if you cant hear a pin drop in the office it's because they are out pounding the pavement and hopefully getting ready to report something.....anything would help right now.

Governments are not investing in hundreds of millions in infrastructure with no hope of returns from some source and with that I think safe to say that of the obstacles we face, government approvals at every level will not be one of them. Robin and company need to speak up and put a plan on the table to raise some interest. Next to FCC we are the only readily available option to feed a NA market that will be booming in electrification. 
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