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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
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

Fortune Minerals Ltd > Nico Economics
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Comment by geolithon Mar 20, 2022 2:07pm
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Post# 34529702

RE:RE:RE:RE:RE:Nico Economics

RE:RE:RE:RE:RE:Nico EconomicsAnd those of us old enough remember the Beufort Sea as being very prospective.  It was large, 100% Canadian, and olil and gas was in demand.
We found that it was possible to put it on hold for 30 to 40 years, and now it is no longer needed.  Time doesn't always heal all wounds....sometimes it allows one to die.
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