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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

Post by southcountry2on Nov 19, 2021 2:01am
607 Views
Post# 34144224

Price and volume stock increases ?

Price and volume stock increases ?I have to wonder what reason(s) might be behind the recent price and volume increases in the Fortune stock price?  Of course, the rising spot price of cobalt is a likely contributor.  But could it also be connected to something "favorably observed" in the recent drill cores?  Let's face it, the ultimate insiders for resource stocks are the guys boxing up the fresh new drill cores.

As some have suggested, if the core "looks" similar to the mother deposit, then an extension of the primary deposit would be quite a positive development.
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