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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 MoneyMan123456on Apr 01, 2022 10:50am
85 Views
Post# 34567020

RE:RE:RE:RE:RE:RE:RE:Robin was right

RE:RE:RE:RE:RE:RE:RE:Robin was rightHi, appreciate your insight and opinions.

Yes I actually believe that FT management reads this message board and possibly posts positive information / updates.  Not many people talk about FT, so I think management likes to see how they are perceived.

My interest in Nico is more from an interest in the North and how things are going for the people living up there.  I'm not invested, currently, but am keeping an open mind if anything positive develops.

I worry about the boad's oversight of management, as in the past 2-3 years there has been a lot of expenditure (salaries, options, loan interest, contractors), but not a lot of work product that can be seen.  

How can a company be taken seriously when they have less staff then the barbershop around the corner and are asking for 25 million just to update a feasibility study and purchase a brown field site (probably also pay down their upcoming debt).  

How can they be taken seriously when they can't pump out an updated Feasibility Study.  


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