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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 uudamannon Jun 30, 2021 10:19am
302 Views
Post# 33472698

RE:NWT opportunities

RE:NWT opportunities No one is building a 200 million dollar road to nowhere with borrowed money based on speculation. The NWT are not fiscally self sufficient. Ottawa still tops up the cookie jar. FT built a cobalt mine via a winter road access 25 yrs ago with two underground levels and ventilation. Quite an achievement joined to a grand vision. At that time TESLA was barely a glimmer in Elon Musk's eye. 

Then nothing. Absolutely nothing!

except

for the additional development of the world's largest anthracite desposit in northern BC funded by a muscular international partner who took FT shares for payment. 

And a share price that did levitate to and beyond 5 bucks. 

Hmmm?

What are we missing here? 


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