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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

Post by redon May 31, 2022 7:56am
124 Views
Post# 34719236

ELBM

ELBMDoes any one here know what ELBM needs for ore ? Given Glencore payoff and bribery schemes, which are probably not over yet, and given our so called national strategy of CMs and BMs and given we are the only primary cobalt and permited mine in NA and one of few in the world  that could be in production in what ...possibly two years ? I don't think they have a hard n fast deposit to mine.

We know they are modifying an existing facility, I think they have the land which may be suitable for additional expansion of existing to process other components of our deposit, and stock pile while they develop that.

I think we discussed this in that past, but need a reminder as to why this is so impossible? Provincial trade barriers ? Given the discussed urgency and national plan that should be the easy part....how about an interim take off agreement whilst they develop a deposit and while we sort out out processing and at same time develop some cash flow ....how impossible could this be given what we read daily with supply and stockpile etc etc.....

we are down to entertaining ourselves again....while we wait for something else. 
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