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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 14, 2021 10:21am
161 Views
Post# 33202916

RE:RE:RE:RE:RE:RE:RE:BOD

RE:RE:RE:RE:RE:RE:RE:BODAwesome Post Unfortunate!  If I could give you 2 Thumbs Up I would!

CEO's are paid to deliver on the company's short, Mid, and Long term goals.  It has taken me 7 years to pull together a $25 million dollar development deal. Small potatoes compared to mine to be sure - but complicated just the same.

Others have said that this project is 'complicated and different'.  All mining projects are complicated. point being if a deal was to be had it would have been done.

The Company's vagueness is beginning to have the appearance of stall tactics because the project can't attract the right investor in its current rendition.

Hey Robin skip the refinery and focus on pulling ore from the ground.

Great post once again Unfortunate!  NDA = Not Doing Anything (That was my laugh for the day!)

Yellowknifer
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