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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 25, 2021 8:55am
126 Views
Post# 33063056

RE:Cobalt Miners News For The Month Of April 2021

RE:Cobalt Miners News For The Month Of April 2021 If in the cobalt world there was writing in the wall that post is probably it....

anyhoo..... Robin is no spring chicken he will be needed to finalize a deal with the TliCho, no one is going to trade that away.... and he could take a back seat and watch it unfold. 

so when we get to a point where the option to sell the diamond ( which in the case of FT is a bit more than in the rough) comes to play or talk of pipe dreams ..... ask Chuck Fipke CF minerals, who started some where in eastern Canada and ended up north of Yellowknife, helps to put things and time into perspective.  Canada today sits about third in the world in diamond procduction ....from Zip.... once a heavyweight (Bhp)  signed on sonme DD was done and in a very short time it was taken to production. 

FT is no pipe dream, it's there ready for the picking and in a few steps becomes Ripe. There is an element out there that is unsure of what it will take to process, Robin and team need to finalize that to satisfy that concern and complete the picture .... then have at it with your sale or partners .... it's going to be a mining story about sticking to your guns and believing ...  23 years and counting with the added fact and blessing that cobalt and FT have NEVER  been in the space we are given everything that is going on in the electrification world. 

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