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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 Lottenon Jan 13, 2022 3:36am
186 Views
Post# 34311390

RE:NICO future

RE:NICO future
You might be right southcountry2, but as an, until now, optimistic investor in FT I have realized that we still have some hills to climb before we get paid for our optimistic view.

We still don't know why FT decided it was necessary to do some more drilling. Did anyone ask for it, or is it just some desperate action to get some more attention from possible partners?

Anyhow we should be praying for the assay to be impressing. We should expect results somewhere between late February and early April.

And what about the refinery? The waiting for a decision for a final site has been ongoing for years. Occasionally some hints from the company but nothing more. It seems more and more like an endless story without no ending. We should really get something going this spring.

The cobalt price is rising, gold is stable at high levels, copper and bismuth are valued commodities.

What are you waiting for Mr. Goad?

Good luck to all! :-)
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