Join today and have your say! It’s FREE!
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 May 09, 2022 8:33am
151 Views
Post# 34666169

RE:RE:Comparables

RE:RE:Comparables
I think you're missing the fact that we don`t have an uppdated feasibility study. Who wants to invest in a company with a feasibility study from 2014?

That should have been a priority by the management. They tell us that it's coming, as they have said for some years now. But nothing happens.

And I also think you should ask yourself the questiion what influence the inflation, and perhaps a coming stagflation, has on this project.

It certainly can be the end of the Nico project as we know it, or in best case there will be several more years to wait with dilution and more dilution.
<< Previous
Bullboard Posts
Next >>