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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 Wallyneptuneon Sep 14, 2022 9:39pm
205 Views
Post# 34963407

Jim

JimYou have 2 weeks to come up with the $5.5 mil for the refinery then another $12 mill by the end of november so my ? is if you cant come up with the money do you have a plan B to protect the share holders I just pray you dont get us mixed up with a jounior miner as a last resort with a financial bailout loaded with a bunch of fuzzy numbers. It might be best if you cant come up with the money by the end of this month just let the mine go for a cash buy out at15 to 20cents a share I think you have done the best you could do with the cards you were delt I feel its time now that we all move on  Wally
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