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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 Aug 22, 2022 7:49am
95 Views
Post# 34910661

RE:RE:apprehension ?

RE:RE:apprehension ?

I wound not look at the tlicho as a hinderance, they have been clear as to what the new tlicho hiway will do besides servicing a few hundred people, they are 20 % partners in that 400 miiliion project, for a reason and also shows I think willingness to participate with industry for the inevitable given diamonds are clearly not forever. Acceptable parameters of TLicho participation have been established at existing mines and I have not heard of too many complaints. Many resources development projects in the last 10 years have clearly shown with a FN partner your moving ahead quickly, Tlicho are on board with this development thier participation remains to be determined and will be sorted with a development/ finance partner. The spur road is a 30 or so million $ project and part of a mine plan....Tlicho can build that as a start. 

near every province and territory in canada has or is in process of a CM plan looking to tap into the billions coming from feds ( let alone their own gov budgets) for mine development, a process that was started with the CM list a couple years ago. That funding is eminent. 

if one wants access to us $$ money one best get thier CMs from USA and USFT partners and the climate bill has provisions for US and Alies development of CMs.

Market perception of CM and BM projects is a bit of a mystery but I kinda agree there is something that is holding up the excitement of CM BM projects and likely tied back to the biggest mining companies in the world ....we wait for that switch to be flipped and it seems to me it will be just that ...then the race is on and we will be one of the first off the line. IMO 

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