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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 redon May 11, 2022 4:22pm
111 Views
Post# 34675405

RE:RE:RE:Why on earth is everyone so worried ?

RE:RE:RE:Why on earth is everyone so worried ?Elon has made moves on lithium and talked about abundant nickel but nothing said about cobalt other than a deal he made with GC on 5000 tons ( I think was the number). Having said that we know he has plans for different batteries but obviously he is not eliminating cobalt ( especially if he needs range and safety which he might not need in china but he needs in NA) so its a long shot that he might consider us given the stage we are at, but who knows. He is a technical guy and well.we all know we are a technical deposit with lots of gold and the largest deposit in the world of the future metal bismuth ( and Elon is about the future). He may look at this technical deposit as a challenge, lord knows he has a following that must live on Pepto It may not be that far out in space. Forsure He knows where we are you can bet on that.
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