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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 Unlurkeron Nov 20, 2021 10:04am
183 Views
Post# 34149167

RE:RE:RE:Price and volume stock increases ?

RE:RE:RE:Price and volume stock increases ?Nice post southcountry.. I think most of us here probably feel the same. 

I remember your previous post about government involvement and I have the same questions.. Is that what we're waiting for? Both the US and Canadian govts have been talking about what to do to enhance the supply chain domestically, so what are they going to do?

You may have noticed that the infrastructure bill just passed in the US has 6 billion dollars earmarked for "battery materials processing and manufacturing projects." Also, part of that is $175 million for a rare earths demonstration plant. Where will this be built and who else will be involved?

I also noticed that they have specifically stated that when the US says "domestic", they are including Canada. They also know their own red tape, and they know that getting minerals from Canada would be easier.

Now the big question is when does something happen? 

If this company/mine/stock has some success, I don't think it will be a slow grower. I think we go from zero to hero very quickly. But that's just a guess sprinkled with some wishful thinking.


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