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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 MelodicHysteriaon Mar 08, 2022 2:02am
164 Views
Post# 34493731

Unfortunate for FT and good for Poscos

Unfortunate for FT and good for PoscosWhile Poscos might be some form of a backer of FT, it is smart to put multiple eggs in different baskets... You think BHP or Wyloo put all their eggs in the ring of fire bidding? of course not.  This news is only really good for Poscos and GM and not really FT, there just isnt any connection other then "they gave us money" as it stands. GM also doesnt play around with their facilities and it will be near 100% on time with its plant or just keeps throwing money at it until it is on time... while Fortune Minerals? 

¯\_()_/¯


As my assumption is no one here has the connections necessary to connect GM to FT, they are still a stretch away since FT cant guarentee when it will be ready

Not trying to be a downer, just realistic, unless we can play with the big leagues, it doesn't mean much. Congratulations to Poscos and GM :) 
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