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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 10:59am
96 Views
Post# 34567094

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

RE:RE:RE:RE:RE:RE:RE:RE:Robin was rightIMHO, the video is part of the problem.  FT does not have the horsepower and resources to develop this resource, so why are they acting like they are going to be the one's to develop it.

They need to get realistic and market this project for sale (100%) or to a partner who will completely manage the operation.

I'm sorry, but this project lives and dies by the fundamentals.  No one invests if they don't strongly believe they are going to make a substantial return.  Just the interest alone on a billion dollar loan is probably 50 - 60 million per year.  Yes strategic partners may have offtake agreements, but there is no such thing as a free lunch.

Economists talk about macro and micro economics, investers talk about fundametals.

How can anyone assess this without a current feasibility study outlining the NPV.

  
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