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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 Marketbeaton Apr 23, 2021 7:05am
122 Views
Post# 33053698

RE:Whats everyones opinion on the refinery ?

RE:Whats everyones opinion on the refinery ?

Well, if they are successful in acquiring a brownfield site with existing infrastructure and zoning, I think the process will align with mine construction (2 years).

 

I don't anticipate them getting into the same mess as in SK. 

 

as far as salvage value... I don't think we would get bought out for higher than .30....but who knows that's just a complete guess. 

 

 

in order for us to see real returns we need the entree not the appetizer 

 

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