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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 sirfartaloton Apr 21, 2022 8:53am
152 Views
Post# 34619504

RE:RE:How many cents

RE:RE:How many cents
All in my humble opinion:

Just a fluff off the cuff. 
Some shareholders may be overlooking the fact that management may be getting a little long in the tooth (aged), and the number of years to enjoy a retirement dwindling, prior to enduring dried oatmeal at Wally world retirement residence.
Hypothetically, a few million shares in ownership X a nice buyout may actually be a better deal at some point than the current salaries and expenses.  Whether one realizes that of course, is another deal.
Good luck to all longs,
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