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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 patkaton Aug 10, 2021 7:44pm
101 Views
Post# 33682771

RE:Goad

RE:GoadI have been asking this question for years. It was nepotism that got him the position in the first place, inheriting the role from his father. Cheetah Resources walks into the NWT and puts a mine into production in 18 months. Granted a lot of the permits and groundwork was already done, but 18 months compared to 2 decades for FT. Perhaps FT needs some Aussie management to come in and take over. It's probably time to hold the board accountable for doing nothing as well. 
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