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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
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

Fortune Minerals Ltd
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Post by parahyangamon Apr 30, 2022 6:05am
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Post# 34644484

Buy out bid at 38 cents per share

Buy out bid at 38 cents per shareWould that buyout price include Fortune's 50% ownership of Arctos?

Measured resources of 108 million metric tons of mettalurgical coal x $100/ton = $ 10.8 billion. As of July 14, 2011.

Speculative resources of approx 2.2 billion tons =  x $100/ton = about 200 billion dollars.

10 yrs ago POSCAN proposed $181 million CAD ($189 million USD) for a 20% stake in the Mt Klappen coal deposit.

Are the Koreans insane? 
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Dealroom for high-potential pre-IPO opportunities