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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 geolithon Aug 13, 2021 9:31am
103 Views
Post# 33699937

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Goad
Yes, the price of silver changed substantially just after the purchase, but do you believe Robin did the engineering work? Do you believe he examined the mine workings, level development, draw points ore and waste handling systems? The mill circuit and equipment inventory? Or do you think Fortune hired engineers and consultants to advise them. Why didn't they flag these concerns you have? Did the board rely on Robin, or did they not have a committee to assess these reports? The financial documents might have been reviewed by the board, and approved. You raise points that suggest either Robin is some omnipotent oligarch, or that there were people that may have not pulled their weight. Your choice.
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