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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 > Olympic Dam
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Post by parahyangamon May 04, 2022 8:01pm
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Post# 34657119

Olympic Dam

Olympic DamFrom the company's website:

".............NICO is an Iron Oxide Copper Gold (“IOCG”) class deposit, also commonly referred to as Olympic Dam-type after the dominant “Super Giant” deposit in South Australia that defines this class".  

What exactly has the company done for the last 20 yrs. to either prove or disprove that NICO 'could' be a 'super giant'?

South Australia's IOCG/Olympic Dam is an enormous operating mine. To put this out on the corporate website without drill results is audacious.

NICO's declared resources come nowhere close to Australia's IOCG mine assets. 

So why is Australian reference still on the company website? So far there has been NO INFORMATION or CONFIRMATION one way or the other.

This is malparactise.

How many Fortune shareholders have been led to believe that there is an underlying substance to this claim? And have misinvested.
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