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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 Jul 06, 2021 7:59am
165 Views
Post# 33497897

RE:Cobalt Production

RE:Cobalt Production

No one can deny your comment and concern but I think you have to consider today's world events around cobalts and increasing demands and the fact that we have never been and nor has RG been in this space of opportunity. 

you don't buy a million dollar house and anticipate that the basement suite will pay it off .....in our case it's just about exactly what comes of this development with the gold and a partners who has the technical ability to do so..... they are out there as well as the demand.

if you think the Tlicho will hold this up I would argue that ..... we need that mining processing partner to which the Tlicho will partner with and be part of this development ( much like they did with the 400 million Tlicho road and maintenance contract ) there is plenty of precident on deals with road and mines that have been set and that Tlicho are happy with and participate in. Their revenues stream from diamonds is commming to an end everyone knows it. I think very likely the least of our problems is an agreement with them when we move to the next step.

there are some negatives but there is also plenty of positives that out weigh them in my opinion and exactly that JMO 

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