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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 22, 2021 10:48am
115 Views
Post# 33587525

RE:RE:RE:RE:I wonder what Jrv is cooking

RE:RE:RE:RE:I wonder what Jrv is cooking

I think that JRV CEO thinks they are the only viable first out of the gate cobalt in NA .... as if he can meet the demand coming. 

if the best they can do is say we bought a 100 man camp ( and probably spent 3 million on that ) to reduce traffic and save travel time looks a bit odd to me .... the financing stuff as good as it may look I am skeptical. 


to your point on shipping it would not surprise me that they come with tail between legs if FT makes a deal because it certainly would make sense for a number of reasons ....all I can say to that is all the power to Robin to make something happen and hopefully soon! 

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