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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 Freedom2022on Aug 05, 2022 5:05pm
181 Views
Post# 34875288

simple question /Drill

simple question /DrillWell , lets see ,, whats your avg price ?   mines 30 cents ,, lets just say for argument sakes they do a 10-1 split  then i need $!.50 min to break even ,,, Now lets say we get bought out at $1.50 ,, could happen ,, then i barley make any profit after over 15 years !    so i think i can ask a simple question like why not drill if we are in such a Fantastic position with banks and partners?       i will post when i feel like it ,,, Red Your not a spokes person for this or any board ,, cheers! 
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