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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 Yellowknifer69on May 11, 2021 12:14pm
152 Views
Post# 33174010

RE:I wonder ...

RE:I wonder ...

Hello and good afternoon Longs:

Red - your obvious frustration is shared with most of the posters on this board to be sure.  

Maybe the current FT management crew are merely paid employees of a larger conglomerate and as such Robin and his team has little to no say in future direction?

Maybe said group has another source of raw materials from which to draw from (DRC?) and therefore doesnt really care much if our entire resource sits in the ground for another decade perhaps two?

Maybe Robin has been instructed to keep quiet?  Anyways,  Just pure conjecture on my part. 

But I would guess that any major who might have signed an NDA 5 or 10 years ago has probably already moved on to other sources in order to meet the strategic action items set out by their respective groups.  

The world keeps turning and Ft may soon find themselves to be another wishful pipe dream (like Pine Point) for a few unfortunate shareholders.

Yellowknifer

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