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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 30, 2022 8:18am
172 Views
Post# 34716377

RE:A PP Is On The Table ?

RE:A PP Is On The Table ?

I agree with you on what we know has to be done soon and very soon  and that it is going to have to be substantial. Will that shot in the arm be translated and viewed as a vote of confidence? Or is someone putting good money into a bad situation. 

at the same time if anyone was going to do that kinda PP  ....better done at .09 vs .14 and once again could be telling us something ....coming weeks will be interesting.

that land deal was presented as a 6 month to close deal, With the new site and new process plan, ( given existing facilities) the plug n play FS study is long gone? ....so that's not going to be cheap in terms of the process plan but likely few changes a that mine site plan.

something has to give here ...we wait yet again for answers and substantive news.

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