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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 23, 2021 8:59am
134 Views
Post# 33054068

RE:RE:Whats everyones opinion on the refinery ?

RE:RE:Whats everyones opinion on the refinery ?

When you have a "diamond in the rough" and FT is the CStore of Battery metals and other good things, so along with watching what's going on in the world, I think you just hang on and let the forces do what they will, it won't be long before it can't be controlled.

on this processing issue and time line ...the Nico FT deposit is a known 5 plus billion dollar deposit with potential untold billions in yet to be discovered resource. 

In the mining world, We are chimp change with our 700 million or so required development funds. We are not looking for billions nor are we starting from ground zero. The refined cobalt has a market the day the doors open and product is produced. The political climate is ripe, the public demand and concern for green has never been better and in fact only gets better near every day.

the so called pros would probably love to try pick us up for peanuts and in part some are probably waiting to see how far they can push a cash poor asset rich and highly developed deposit ( a diamond in the rough) that Robin holds for us. Get the D-- processing plan out and we step to a new level of value to those pros who are sitting back and think we can't Doit.

the time required for a development is purely a function of who is at the table with us. The country needs our deposit and the flood gates will open for what ever it takes to make it happen when a comprehensive plan is out. We and the world are in uncharted waters fundimentals mean D--- all on this one, we have the diamond every one will want and for good reason. 

A very small NWT YK native group is about to mine Canada's first RE deposit at Thor lake and they are going great guns.....don't think the TliCho are not watching and wanting to ensure this FT Nico comes to fuition and they actively participate in Canada first and major Primary cobalt mine to feed the worlds demand for anything green. A few more steps and this become realty. Hang on to the diamond. 

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