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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 Sep 26, 2022 8:26am
188 Views
Post# 34985868

RE:RE:junior

RE:RE:junior

Well we know that it's going to cost about 15 k a month to do that, so failing some other magical situation, I think your right.....extension coming ....but November looks to  bring a somewhat different situation, so we are left to ask ...have terms of a potential extension already been discussed ? We are not loosing a 4.5 billion deposit over 12million. 

who is at the table that an end of November decision could come ....why put all the cards on the table with that timeline? Is that as much as someone would give us lol ? Or is some investment/ partner decision pending? 

Your right MB ...who knows ? 

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