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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 Yellowknifer69on Aug 26, 2022 9:39am
149 Views
Post# 34922100

RE:WHAT DO WE REALLY KNOW?

RE:WHAT DO WE REALLY KNOW?Hello and Happy Friday Longs!

I think we also know that suddenly our little Olympic dam with an odd assortment of goodies including a measly 40,000 tons of cobalt and large quantity of Bisssmuth (shout out to TTF!) might be looking like an asset worth grabbing for a lot of players!

I cannot imagine that there are not some significant developments being orchestrated behind the scenes?  Robin must have a high degree of confidence that a deal is done otherwise he would not be so foolish to sign over his life's work for $12 million worth of debt.

Or would he???????

Enjoy the last weeks of summer and see you all in the fall!

Yellowknifer

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