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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 geolithon May 19, 2022 11:35am
162 Views
Post# 34695479

RE:1 Billion shares?

RE:1 Billion shares?You can usually recognize novice investors when they bring out comments about:

a. Dilution.  Did you really think that they were fully financed and profitable when you bought?  Didn't you know that they MUST raise more money to continue.

b. Payment to .... anyone.  No one works for free.  Options, while supposed to incentivise management are typically used in stead of cash for compensation.  Management accepts these knowing that they may (and often) become worthless.

c.Small investors.  You are the life blood of junior miners because getting institutional interest is very difficult.  Companys care and work hard to keep websites, news disseminations and other forms of communications open and clear.  Remeber, companys are typically run by technically and financially astute people.  Explaining things isn't as easy as you might think when you can't use your jargon.  It really easier and much much cheaper just to call two or three really big investors.  Don't accept everything at face value, but educate yourself.  It's your money and very important to you.  Understand what is the most likely outcome.  Don't focus on what the possible upside might be.  And understand the downside.  If you can live with it, stick around.
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