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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 Aug 11, 2021 10:02am
122 Views
Post# 33684273

RE:RE:RE:RE:RE:RE:RE:RE:Goad

RE:RE:RE:RE:RE:RE:RE:RE:Goad

Further the processing facility in Saskatoon is at best a glorified test plant / research facility at a school in the range of 30-40 million hardley a processing plant but yes fully supported by Saskatchewan gov.....and it has kept them (along with site activities,) in the news which is good as it all adds up but certainly not a 300 million process plant.

FT requirements for processing are in the 300 mil range .... mabey 200 or 250 ? with an existing facility of which there is apparently discussions with one. 


It's clear with FCC and JRV processing is the nemesis of all the NA cobalts .... the question for us now is can RG overcome that in these discussions? It's a game changer for NA cobalts and if he can then it's possible we can share our facility and may work with others?? 

we are apparently down to two sites it's coming and so my next question is does that mean with a processing plant plan, will we have a mining partner ? But appears to me one of the sites could translate into a mining operation or a partnership? 

Solving the big question of technical processing is key and opens many new doors and draws a lot of attention if it comes with a mining partner who can capitalize on the gold to pay for it all and then some.... our deposit is unique and ready to go..... and we will be in a great space.

the demand is going nowhere but up and we will soon see if our governments are interested in CMs and mine development in Canada or if it's more flap at the jaw syndrome .... Canada best watch out for its self as relations with China are going to go to Shite fast and soon.... as will China and US relations ... everything affects us in ways we don't yet know and changing almost daily... stay long lots to unfold on many fronts that affect us. 

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