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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 parahyangamon Oct 06, 2022 3:04pm
209 Views
Post# 35010220

LOAD UP? CAVEAT EMPTOR.

LOAD UP? CAVEAT EMPTOR.FM Market cap = 30 million CAD.

ARCTOS HAS 500 BILLION of scarce, high grade anthracite.

For 18 million POSCO could repurchase the Arctos mine leases from the BC government. Both have spent hundreds of millions preparing the monster anthracite deposit.

Bring in the big boys to build the mine, give them a cut, and skim the gravy x 30 yrs. When FM's loan is called the vultures will swoop in and the FM shareholders can go fly a kite.

Who the hell needs FM?

What has FM brought to the table? Their credibility vanished into a 140 yr old worthless pit ......... 7 yrs ago!!

NOBODY gives a krap about NICO. 





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