Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by uudamannon Aug 11, 2021 6:20am
201 Views
Post# 33683565

Robyn

RobynIt is seems a little late in the game to be slagging Goad.

Aurcana, the current owner of the Revenue-Virginius silver mine, has started production at the mine. This only underscores further the phenomenal incompetence of FT management and the BOD when they decided to buy the mine in 2014.

Goad, all of  FT's management and the BOD, should have resigned on the spot in 2015 when mine operations went to ground and FT barely escaped liquidation that included massive share dilution and a hidden poison pill granted to Lascaux Finance. But they DID NOT RESIGN! It remains indredible that the largest shareholders, POSCO and ProCon, stood by passively when this sh*tshow hit the fan.

Aurcana claims there is 35 - 50 Oz of silver equivalents per ton including the Yellow Rose vein based on their personally supervised drill results. But in 15 mos of operation, FT never produced any silver or revenues. The Yellow Rose vein when FT mined it was "worthless".

Somebody is lying.


<< Previous
Bullboard Posts
Next >>