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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 Marketbeaton Sep 20, 2022 8:50am
156 Views
Post# 34973192

RE:RE:The Writing On The Wall

RE:RE:The Writing On The Wall

A sincere thanks to all the great information provided by everyone who contributes to this forum in a meaningful way.

In my opinion- we have to survive September which will present challenges in and of it self.

where we stand- it's never been higher stakes than putting Nico assets on the line for 12 million. A couple ways this could unfold- the most likely to be further dilution- but long term might be good- if there is a strong partner attached. 


my personal hope is we sell it. The benefit is I can stop obsessing about what this company may be up to. The level of speculation is real. Although I wish this were the case- it's hard to imagine what we could sell for... and the current price doesn't help our case. 

I am not the only long on this bb- so good luck to all. 

maybe goad found a dancing partner... or maybe not- someone knows but not us lol

I believe one thing is true. Because we are raising money- the current share price isn't doing us any favours. My hope is we don't simply kick the can down the road. 


goad is well compensated. As he should be. But... I'm a shareholder. I want a return. That's it. 

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