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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 MelodicHysteriaon Aug 27, 2022 12:18am
298 Views
Post# 34924198

Hasn't this gone off topic eh?

Hasn't this gone off topic eh?People are talking about essentially golden parachutes for Goad since he is older and can "peace" whenever he wants. 

One does not spend the better part of 20 years working on a project and then willingly leaves with a golden ticket and a project unfinished. Being a geologist, my assumption is he understands the impact and necessity to getting this project into good hands and this will be his legacy/ mark on the world helping to bring about a green energy revolution through the use of Cobalt.

People dont stick around for 20 years unless they are trying to build a legacy of some kind. That is just the reality, yes he may have been compensated well, but he could of peaced out a long time ago and has not so I cannot imagine he would disapear willingly. We have 1000s of examples in history where people build legacies, or legitimately die or go to jail trying with their dreams and companies in tow.

As for fraud, fraud requires intentionally being deceptive in a criminal context for generally personal gain. I do not see deception from anyone on the team, in fact, they have been rather honest about their predictiment to anyone who has asked about "things". The mining industry has not been kind to any new cornerstone investor in the last 20 years for new mining ventures. It is not suprising that there would be large losses (although no quotes were provided, it would be foolish not to expect it). 

Good luck to longs, stay the course, don't get too distracted, always fun to muse with the new names on the board that pop up from time to time :P 
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