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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 Lottenon Apr 19, 2022 5:14am
206 Views
Post# 34612286

RE:If you want to know how close to a deal we are

RE:If you want to know how close to a deal we are
I once belived in this company and Mr. Goad, but after the press release about the option to purchase a refinary site it was game over for me. That told me all about how far away they were to close a deal.

And the next press release made my actions seem correct. Some statements of already known news. Is that all they can give to their loyal shareholders after almost 25 years on the scene?

25 years with wasted opportunities. It would have been better to put the money in a bank account than to own shares in FT. Less loss, and less frustations.

I may offend someone now, and that is not my intention. This is only my opinion, and I can off course be wrong, but the only rescue for this company now is a take over bid by someone with the knowlegde and the financial muscles required. Otherwise it will soon be good bye, or maybee more years on the outside with dilutions, and several meaningless press releases to keep the company and the salaries alive.
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