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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 Jan 17, 2022 12:06pm
79 Views
Post# 34324714

RE:RE:CRUZ -Massive New Lithium Discovery by Cruz Battery Metals

RE:RE:CRUZ -Massive New Lithium Discovery by Cruz Battery Metals That 20 year time line is understated if you're in certain jurisdictions.  I have consolidated a table of permitted mine developments, looked at the date of permit application submissions, and then looked at the discovery dates.  I worked backwards to keep the chart fairly simple.  It is eye opening to see timelines in excess of 40 years being common.  It is very rare to see under 15 years from discovery to production.
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