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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 30, 2022 7:58am
103 Views
Post# 34928942

RE:S Korea, Canada Discuss Ways to Expand Cooperation in Energy

RE:S Korea, Canada Discuss Ways to Expand Cooperation in Energy

We can pretty well thank our luck stars for the besssing that the USA government sent us after considering all that has gone on in the last year or two, with CM list and agreements,  trade agreements along with recent policy on BMs sourcing from NA suppliers, we are going to have to sell a bit to everyone...we know there are not enough near existing suppliers to meet what's coming in terms of demand from those that want to sell their EVs in NA.

It appears end users are lining up to tap into what's available and it is impossible that FT is not at the table, being discussed as a ready to go asset and possibly deals attempting to be made to tap into what we can produce.

as it's goes our "well studied and clearly understood" deposit may fit the" fast track "route for renewed FS. Clearly the deposit / mine info is well documented. The variable of the processing plant design, cost and logistics would be the greatest issue. In a rush to do something soon, a savey partner and their team could probably make a reasonably quick assessment of what it would take to put together such a facility +/- 20 %, a matter  that I suspect has already been done, early stage bottom feeding developers do it all the time and half the work is done with our mine plan. Would put robin and FT in a unique and desirable space with multiple options.

he may be sitting on a set of complicated and a variety of potential deals, enough to make one's head spin in terms of which is most likely to unfold quickly and to best interest of shareholders. 

once again just my rose coloured, wishful thinking, cheer leading and braaack braaaack talk, but surely something is coming down the turnpike as FT makes its way up that L curve and as I see it, more likely a boom than bust for us. 

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