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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 Jul 29, 2022 7:38am
132 Views
Post# 34859359

RE:RE:RE:RE:RE:Lassonde Curve

RE:RE:RE:RE:RE:Lassonde Curve

Great post! And interesting reminder of where FT was at one time ( as much as $6 plus) with nowhere near the market "macro" that we see today and in front of us today. That alone is enough to keep me and obviously others, hanging around! 

The small amount of debits with the 5 billion asset we have would seem surmountable lol. keeping in mind with our advanced stage and again that never before seen market macro looming, it hard to imagine that a financier would have a problem supporting this venture if it's layed out as developable, and we know that it is. Bankers the world over know that the EV, battery metals and critical metals are the next industrial revolution ( for NA and EU) and Ft is the one of very few permitted NA sources where it fits and meets  all the requirements and policies being set up.

when we say good luck to all longs I am more inclined to say based on everything we can see, that good luck is inevitable and the bigger question is going to be, how good? 

Yes some questions to be answered and yes some hoops to jump ...be we are closer now than ever before. Failure is not an option at this stage.....just my thinking. 

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