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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 Apr 06, 2022 11:15am
108 Views
Post# 34580582

RE:RE:/

RE:RE:/
The Northern Miner published a parody back in the 1990's about investors. They noted that junior companies sometimes traded well above the value of their resources (at the time reserves). The parody had them burying a million ounces of gold, and then publishing a report stating that they believe they had a million ounces. Of course, they reported it in stages, stating 100,000k ounces was likely, and then perhaps 250,000 ounces, and so on. By the time they reported a potential million ounces, the market would value them at 2 million ounces. It's the same with Fortune. The mystery is (mostly) gone. Where's the speculation, the sizzle? Value? That's not important (apparently).
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